Mercy Life Center Corporation

Analysis

Mercy Life Center Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Life Center Corporation reported income of $107.2m and spending of $104.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $97.9m to $107.2m (+9.5%), an average of +2.3% a year. Over the whole period it spent 96% 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 Center Corporation 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 PA. Charities of a similar size with the same main cause include Ampla Health ($107.1m), Nordx ($107.3m) and St Lukes Hospital at the Vintage ($107.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $374k (0.4% of expenses). Other salaries and wages came to $43.9m. At year end it held assets of $170.6m against liabilities of $99.3m, net assets of $71.4m. It reported 1,080 employees.