Brothers of Mercy of Montabaur Apartment Complex Inc

Analysis

Brothers of Mercy of Montabaur Apartment Complex Inc is a registered charity in United States, based in Clarence, NY. 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 December 2023, Brothers of Mercy of Montabaur Apartment Complex Inc reported income of $5.0m and spending of $4.4m, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.0m to $5.0m (+26%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 16%. 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, Brothers of Mercy of Montabaur Apartment Complex Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Global Citizens Public Charter School ($5.0m), LA Casa de Las Madres ($5.0m) and MCT Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $61k (1.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $17.6m against liabilities of $17.3m, net assets of $284k. It reported 102 employees.