Mercy Housing Midwest

Analysis

Mercy Housing Midwest is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2012, 14 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 Midwest reported income of $2.8m and spending of $1.6m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.8m (+138%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 89%. 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 Midwest sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Community Action of Etowah County Inc ($2.8m), Pueblo Unido CDC ($2.8m) and Santa Fe Community Housing TR ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $6.4m against liabilities of $4.0m, net assets of $2.4m.