House of Mercy Inc

Analysis

House of Mercy Inc is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, House of Mercy Inc reported income of $687k and spending of $684k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $773k to $687k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, House of Mercy Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Apex Inc ($687k), State Chamber Research Foundation Oklahoma 21st Century ($687k) and Youth for Christ USA Inc ($687k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $131k (19% of expenses). Other salaries and wages came to $265k. At year end it held assets of $2.2m against liabilities of $55k, net assets of $2.1m. It reported 21 employees.