Mercy Specialist Physicians Inc

Analysis

Mercy Specialist Physicians Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Specialist Physicians Inc reported income of $612k and spending of $679k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $612k (-78%), an average of -32% a year. The sharpest change came in the year to June 2023, when income dropped by 75%. Over the whole period it spent 154% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Specialist Physicians Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Olivia Caldwell Foundation Inc ($612k), Ebenezer Lutheran Care Center Foundation ($612k) and Addiction Solutions Corporation ($612k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 80% of the total. Other salaries and wages came to $54. At year end it held assets of $40.6m against liabilities of $64.9m, net assets of -$24.3m. It reported 151 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.