Mercy Gardens

Analysis

Mercy Gardens is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Mercy Gardens reported income of $296k and spending of $546k, spending 185% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $296k (+13%), an average of +3.0% a year. Over the whole period it spent 161% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Gardens sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include RVM Roseburg Corporation ($296k), Lake Senior Housing Corporation ($296k) and Two Sparrows Village Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 33% of the total. At year end it held assets of $1.2m against liabilities of $2.0m, net assets of -$754k.

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.