Mercy Development Foundation

Analysis

Mercy Development Foundation is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in October 1928, 98 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Mercy Development Foundation reported income of $908k and spending of $639k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $628k to $908k (+45%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Development Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include G L a D House Inc ($908k), Big Brothers-Big Sisters of the National Capital Area ($908k) and T D Associates Inc ($907k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $113k (18% of expenses). Other salaries and wages came to $203k. At year end it held assets of $2.8m against liabilities of $493k, net assets of $2.3m.