Mercantile Library

Analysis

Mercantile Library is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mercantile Library reported income of $3.1m and spending of $1.3m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.1m (+128%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mercantile Library sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Bright Star Education Group ($3.1m), The Crucible ($3.1m) and Coastal Montessori Charter School ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $191k (15% of expenses). Other salaries and wages came to $389k. At year end it held assets of $8.7m against liabilities of $4,711, net assets of $8.7m. It reported 8 employees.