Well of Mercy

Analysis

Well of Mercy is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2010, 16 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 December 2023, Well of Mercy reported income of $275k and spending of $471k, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $275k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Well of Mercy sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Val Verde Border Humanitarian Coalition ($275k), Anuja Sa Inc ($275k) and Girls Rising ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (12% of expenses). Other salaries and wages came to $200k. At year end it held assets of $562k against liabilities of $208k, net assets of $354k. It reported 9 employees.