Mercy Health System Corporation

Analysis

Mercy Health System Corporation is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in May 1972, 54 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Health System Corporation reported income of $685.9m and spending of $626.6m, spending 91% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $634.6m to $685.9m (+8.1%), an average of +2.6% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Health System Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Faculty Physicians and Surgeons of Llusm ($685.4m), Vitalant ($686.2m) and Lafayette General Medical Center Inc ($681.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $17.0m (2.7% of expenses). Other salaries and wages came to $284.0m. At year end it held assets of $870.4m against liabilities of $370.0m, net assets of $500.4m. It reported 3,934 employees.