Catherine McAuley Mercy Foundation Inc

Analysis

Catherine McAuley Mercy Foundation Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 1970, 56 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Catherine McAuley Mercy Foundation Inc reported income of $627k and spending of $478k, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $577k to $627k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to September 2020, when income rose by 790%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catherine McAuley Mercy Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Heartland Casa NFP ($626k), Liberty Center for God and Country ($627k) and Kesher Inc ($626k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.0% of the total. At year end it held assets of $23.3m against liabilities of $365k, net assets of $23.0m.