Mercy Medical Center

Analysis

Mercy Medical Center is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in March 1946, 80 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 Medical Center reported income of $435.7m and spending of $456.0m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $348.0m to $435.7m (+25%), an average of +5.8% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Medical Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include Northwestern Memorial Healthcare ($435.2m), Dimensions Health Corporation ($436.1m) and Jupiter Medical Center Inc ($434.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.6m (0.8% of expenses). Other salaries and wages came to $187.4m. At year end it held assets of $714.9m against liabilities of $225.4m, net assets of $489.6m. It reported 3,084 employees.