Mercy Outreach Ministries V Inc

Analysis

Mercy Outreach Ministries V Inc is a registered charity in United States, based in Williston, OH. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Outreach Ministries V Inc reported income of $80k and spending of $178k, spending 224% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $80k (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 200% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Outreach Ministries V Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include Cudas Unhooked Inc ($80k), American Sunrise-A Nonprofit Community Builder ($80k) and Resilient Sustainable Future for Iowa City ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $4,015. At year end it held assets of $895k against liabilities of $62k, net assets of $833k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.