SSMHCS Liability Trust Mercantile Bank Ttee

Analysis

SSMHCS Liability Trust Mercantile Bank Ttee is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in November 1987, 39 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 December 2023, SSMHCS Liability Trust Mercantile Bank Ttee reported income of $50.4m and spending of $49.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.6m to $50.4m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, SSMHCS Liability Trust Mercantile Bank Ttee sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include Nevada H a N D Inc ($50.4m), Nysarc Inc ($50.5m) and Gulfside Hospice Inc ($50.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $147.6m against liabilities of $90.6m, net assets of $57.1m.