Mercy Medical Center

Analysis

Mercy Medical Center is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Medical Center reported income of $88.6m and spending of $95.3m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $93.5m to $88.6m (-5.2%), an average of -1.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Medical Center sits at the 100th 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 99th percentile within AZ. Charities of a similar size with the same main cause include Fresno Pacific University ($88.1m), New Horizon Counseling Center Inc ($88.7m) and Franklin University ($87.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $767k (0.8% of expenses). Other salaries and wages came to $25.7m. At year end it held assets of $160.0m against liabilities of $110.2m, net assets of $49.9m. It reported 432 employees.