Mercysong Inc

Analysis

Mercysong Inc is a registered charity in United States, based in Stockbridge, MA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Mercysong Inc reported income of $56k and spending of $66k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $131k to $56k (-57%), an average of -19% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mercysong Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Global Compassion Life Foundation ($56k), Sriniketan Foundation ($56k) and Joe Joe Dawson Ministries ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $25k (38% of expenses). At year end it held assets of $132k against liabilities of $420k, net assets of -$288k. It reported 3 employees.