Misericordia Foundation

Analysis

Misericordia Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Misericordia Foundation reported income of $39.1m and spending of $9.7m, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.4m to $39.1m (+2630%), an average of +129% a year. The sharpest change came in the year to December 2021, when income rose by 306%. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Misericordia Foundation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include BPH Holding Co Inc ($39.1m), River Bend Food Reservoir ($39.1m) and Ozarks Area Community Action Corporation ($39.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $293k (3.0% of expenses). Other salaries and wages came to $505k. At year end it held assets of $53.8m against liabilities of $1.1m, net assets of $52.7m. It reported 3 employees.