Mercy Street Inc

Analysis

Mercy Street Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Mercy Street Inc reported income of $2.6m and spending of $3.6m, spending 142% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.0m to $2.6m (+28%), an average of +6.4% a year. The sharpest change came in the year to August 2021, when income rose by 31%. Over the whole period it spent 122% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mercy Street Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Touching Miami with Love Ministries Inc ($2.6m), Arkansas Ffa Foundation Inc ($2.6m) and Boys & Girls Club of Dane County Foundation Inc ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $359k (9.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $10.2m against liabilities of $1.1m, net assets of $9.0m. It reported 83 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.