Waves of Mercy Inc

Analysis

Waves of Mercy Inc is a registered charity in United States, based in Greenville, KY. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Waves of Mercy Inc reported income of $456k and spending of $518k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $477k to $456k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 79% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Waves of Mercy Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Global Interdependence Center ($456k), Friends of the Royal College of Surgeons in Ireland Inc ($456k) and Maria Africa Foundation Inc ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $61k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 3 employees.