Mercy Life

Analysis

Mercy Life is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Life reported income of $86.9m and spending of $76.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $78.0m to $86.9m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Life sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Weeks Medical Center ($86.9m), Versiti Indiana Inc ($87.0m) and Medical Services Inc ($86.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Other salaries and wages came to $16.3m. At year end it held assets of $54.9m against liabilities of $24.2m, net assets of $30.7m.