Mercurial Inc

Analysis

Mercurial Inc is a registered charity in United States, based in Roslindale, MA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mercurial Inc reported income of $108k and spending of $218k, spending 202% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $627k to $108k (-83%), an average of -44% a year. The sharpest change came in the year to December 2022, when income rose by 152%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercurial Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Third Place Inc ($108k), Crossroads Ministry Incorporated ($108k) and Sisters with Purpose Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $361k against liabilities of $0, net assets of $361k.

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.