Mercy Outreach Ministries VI Inc

Analysis

Mercy Outreach Ministries VI 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 VI Inc reported income of $108k and spending of $205k, spending 190% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $108k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 135% 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 VI Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Tuskegee Housing Development Corporation ($108k), Orange Grove Development No Seven Inc ($108k) and Lone Star Garden Development Corp ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $29k. At year end it held assets of $760k against liabilities of $576k, net assets of $184k.

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.