New Beginnings Mercy House

Analysis

New Beginnings Mercy House is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in July 2002, 24 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 December 2023, New Beginnings Mercy House reported income of $57k and spending of $41k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $98k to $57k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Mercy House sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within MI. Charities of a similar size with the same main cause include Cherith Ministries Inc ($57k), Hope4gaston ($57k) and Friends of the Homeless Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $335k against liabilities of $0, net assets of $335k.