Musicians Mission of Mercy Corp

Analysis

Musicians Mission of Mercy Corp is a registered charity in United States, based in W Jefferson, NC. It received its IRS tax-exemption ruling in January 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 (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, Musicians Mission of Mercy Corp reported income of $145k and spending of $140k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $145k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Musicians Mission of Mercy Corp sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Keep the Change Incorporated ($145k), We Care for Kids Inc ($145k) and Port Authority Pba Widows & Childrens Fund Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $8,771, net assets of $2,110.