Mercyhealth Development Foundation Inc

Analysis

Mercyhealth Development Foundation Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercyhealth Development Foundation Inc reported income of $2.2m and spending of $1.4m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $2.2m (-39%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mercyhealth Development Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Slingshot Memphis Inc ($2.2m), Oyate Teca Project ($2.2m) and Asian American-Pacific Islanders in Philanthropy ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $166k. At year end it held assets of $43.3m against liabilities of $576k, net assets of $42.8m.