Mercy Education Project

Analysis

Mercy Education Project is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Mercy Education Project reported income of $982k and spending of $1.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $982k (-2.0%), an average of -0.5% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mercy Education Project sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include PTA Texas Congress ($981k), Oceanographic Teaching Stations Inc ($982k) and The Horizon School ($981k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $105k (10% of expenses). Other salaries and wages came to $507k. At year end it held assets of $2.4m against liabilities of $458k, net assets of $1.9m. It reported 23 employees.