Mercy Housing Corporation

Analysis

Mercy Housing Corporation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in December 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mercy Housing Corporation reported income of $628k and spending of $570k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $557k to $628k (+13%), an average of +3.1% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Housing Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include 1780 HCHQ Inc ($628k), Opportunity Link ($628k) and Greensburg Senior Housing Corporation ($628k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $809k against liabilities of $2.0m, net assets of -$1.2m.