Mercy Health Corporation

Analysis

Mercy Health Corporation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Health Corporation reported income of $8.7m and spending of $6.1m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.4m to $8.7m (-40%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 573%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mercy Health Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Propel Nonprofits ($8.6m), Osa Foundation Inc ($8.7m) and Bridge Project Inc ($8.6m).

At year end it held assets of $1.19bn against liabilities of $702.2m, net assets of $487.7m.