Mercy Ridge Inc

Analysis

Mercy Ridge Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in October 1999, 27 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 June 2023, Mercy Ridge Inc reported income of $29.3m and spending of $25.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.9m to $29.3m (+28%), an average of +6.4% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Ridge Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Integrated Community Services Inc ($29.2m), Community Housing Works ($29.6m) and Mainstay Life Services ($29.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 85% of the total. Other salaries and wages came to $7.9m. At year end it held assets of $143.4m against liabilities of $154.8m, net assets of -$11.4m. It reported 285 employees.