Mercy Housing Lakefront

Analysis

Mercy Housing Lakefront is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1987, 39 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 Housing Lakefront reported income of $12.9m and spending of $23.5m, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $21.7m to $12.9m (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Housing Lakefront sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Human Services Campus Inc ($12.9m), Caracole Inc ($12.9m) and Alliance for Behavioral & Developmental Disabilities Ltd ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 59% of the total. At year end it held assets of $70.4m against liabilities of $66.6m, net assets of $3.8m.