Mercy Learning Center of Bridgeport Incorporated

Analysis

Mercy Learning Center of Bridgeport Incorporated is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mercy Learning Center of Bridgeport Incorporated reported income of $3.8m and spending of $3.5m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.0m to $3.8m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mercy Learning Center of Bridgeport Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Georgia Center for Opportunity Inc ($3.8m), Blueprint Schools Network Inc ($3.8m) and Santa Barbara Charter School ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $295k (8.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $14.6m against liabilities of $129k, net assets of $14.5m. It reported 69 employees.