Mercy Clinics Inc

Analysis

Mercy Clinics Inc is a registered charity in United States, based in Pheonix, AZ. 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 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 June 2023, Mercy Clinics Inc reported income of $193.5m and spending of $244.9m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $217.9m to $193.5m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Clinics Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include University of Kansas Medical Center Research Institute ($192.7m), Saint Thomas Health ($193.9m) and Sid Peterson Memorial Hospital ($192.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.4m (0.6% of expenses). Other salaries and wages came to $22.5m. At year end it held assets of $80.5m against liabilities of $120.5m, net assets of -$39.9m. It reported 1,625 employees.