Mercy Medical Group Inc

Analysis

Mercy Medical Group Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Group Inc reported income of $4.0m and spending of $8.0m, spending 199% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.1m to $4.0m (-34%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 156% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Medical Group Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include International Association for Dental Research ($4.0m), Kanza Mental Health and Guidance Center Inc ($4.0m) and Turn Center ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 70% of the total. At year end it held assets of $3.0m against liabilities of $11.8m, net assets of -$8.8m. It reported 8 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.