Mercy Life Inc

Analysis

Mercy Life Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Life Inc reported income of $24.4m and spending of $18.2m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.1m to $24.4m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Life Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include The Forman School Inc ($24.4m), Helping Restore Ability ($24.4m) and Rocky Mountain Elk Foundation Inc Group Return ($24.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $16.8m against liabilities of $5.2m, net assets of $11.6m.