Mercy Health Foundation Inc

Analysis

Mercy Health Foundation 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. 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 June 2023, Mercy Health Foundation Inc reported income of $9.8m and spending of $6.1m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.8m to $9.8m (-42%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 467%. Over the whole period it spent 52% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Health Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Daybreak Youth Services ($9.8m), St Martins Home for the Aged Little Sisters of the Poor Baltimore Inc ($9.9m) and Eastern Panhandle Mental Health Center Inc ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $62.3m against liabilities of $10.0m, net assets of $52.3m.