The Village at Mercy Creek

Analysis

The Village at Mercy Creek is a registered charity in United States, based in Crown Point, IN. It received its IRS tax-exemption ruling in February 2016, 10 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 June 2023, The Village at Mercy Creek reported income of $3.4m and spending of $4.3m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.5m to $3.4m (+117%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 95%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Village at Mercy Creek sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Highland Lakes Crisis Network ($3.3m), Syracuse Model Neighborhood Corp ($3.4m) and Brighter Horizon Group Homes Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $148k (3.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $12.8m against liabilities of $12.6m, net assets of $196k. It reported 94 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.