Mercycare Service Corporation

Analysis

Mercycare Service Corporation 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. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercycare Service Corporation reported income of $13.9m and spending of $3.1m, leaving 78% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $13.9m (+101%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercycare Service Corporation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Centers for New Horizons Inc ($13.9m), College of the Menominee Nation ($13.9m) and Child Dimensions Insurance Company ($13.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23.4m against liabilities of $4.6m, net assets of $18.8m.