Tender Mercies Inc

Analysis

Tender Mercies Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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, Tender Mercies Inc reported income of $3.8m and spending of $3.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $3.8m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tender Mercies Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Business Expansion Funding Corp ($3.8m), 4th Corporation ($3.8m) and Up and Out Incorporated ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $312k (8.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $10.2m against liabilities of $519k, net assets of $9.6m. It reported 88 employees.