Strings of Mercy Inc

Analysis

Strings of Mercy Inc is a registered charity in United States, based in Hiawassee, GA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Strings of Mercy Inc reported income of $61k and spending of $47k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $71k to $61k (-14%), an average of -4.8% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Strings of Mercy Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within GA. Charities of a similar size with the same main cause include Mallorys Army Charitable Foundation ($61k), Alexanders Hope ($61k) and Enkrateia House of Hope ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.