Mercy Health Services Inc

Analysis

Mercy Health Services Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending June 2023, Mercy Health Services Inc reported income of $66.1m and spending of $63.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.5m to $66.1m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Health Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include St Johns School ($66.0m), Adventhealth Senior Care Inc ($66.4m) and Gandara Mental Health Center Inc ($66.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3.9m (6.1% of expenses). Other salaries and wages came to $19.1m. At year end it held assets of $52.9m against liabilities of $7.7m, net assets of $45.2m. It reported 99 employees.