Village of Merici Inc

Analysis

Village of Merici Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2008, 18 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 December 2023, Village of Merici Inc reported income of $2.4m and spending of $2.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.4m (+104%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 131%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village of Merici Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Pacific Housing Assistance Corp ($2.4m), 820 W Belle Plaine Cooperative ($2.4m) and Christian Senior Housing Foundation Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $108k (5.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.0m against liabilities of $557k, net assets of $4.5m. It reported 83 employees.