Mercy Hospital Foundation Inc

Analysis

Mercy Hospital Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mercy Hospital Foundation Inc reported income of $827k and spending of $1.1m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $827k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mercy Hospital Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Can Do Education Foundation ($827k), Issa TR Foundation Inc ($827k) and Derech Etz Chaim Institutions ($826k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $140k (13% of expenses). Other salaries and wages came to $128k. At year end it held assets of $5.1m against liabilities of $2.2m, net assets of $2.9m. It reported 1 employees.