Mercy Manor

Analysis

Mercy Manor is a registered charity in United States, based in Albany, MN. It received its IRS tax-exemption ruling in April 1995, 31 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 September 2022, Mercy Manor reported income of $207k and spending of $328k, spending 158% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $224k to $207k (-7.4%), an average of -2.5% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Manor sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Alliance Good Samaritan Housing Inc ($207k), Silver Lake Senior Housing Corporation ($207k) and Housing Partnership Ventures Inc ($207k).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 99% of the total. Other salaries and wages came to $30k. At year end it held assets of $1.7m against liabilities of $236k, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.