Mercy College of Ohio

Analysis

Mercy College of Ohio is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mercy College of Ohio reported income of $21.5m and spending of $24.0m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $27.0m to $21.5m (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy College of Ohio sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Regional Health Care Clinic Inc ($21.5m), Heartland Medical Clinic Inc ($21.5m) and Pawnee Valley Community Hospital Inc ($21.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $348k (1.4% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $36.1m against liabilities of $3.2m, net assets of $32.9m. It reported 216 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.