Mercy Medical Center Foundation North Iowa

Analysis

Mercy Medical Center Foundation North Iowa is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in May 1984, 42 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Medical Center Foundation North Iowa reported income of $622k and spending of $372k, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $622k (-51%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 47%. Over the whole period it spent 51% 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 Foundation North Iowa sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Consumer Satisfaction Services Inc ($622k), Diabetes Family Connection ($623k) and Colorado Association for School- Based Health Care ($622k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $16.6m against liabilities of $110k, net assets of $16.5m.