Mercy Housing Inc

Analysis

Mercy Housing Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1998, 28 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 December 2023, Mercy Housing Inc reported income of $100.5m and spending of $57.5m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.7m to $100.5m (+342%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Housing Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CO. Charities of a similar size with the same main cause include Florida Pace Centers Inc ($100.1m), Atlantic Housing Foundation Inc ($101.0m) and Community Builders Inc ($99.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $5.4m (9.4% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $451.4m against liabilities of $368.5m, net assets of $82.9m. It reported 622 employees.