Misericordia Home

Analysis

Misericordia Home is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Misericordia Home reported income of $127.4m and spending of $104.2m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $112.8m to $127.4m (+13%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Misericordia Home sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Greater Washington Urban League Inc ($125.1m), Associated Catholic Charities Inc ($127.6m) and Arc Thrift Stores ($123.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $369k (0.4% of expenses). Other salaries and wages came to $58.4m. At year end it held assets of $948.8m against liabilities of $13.9m, net assets of $934.9m. It reported 1,679 employees.