Mercy Housing South East

Analysis

Mercy Housing South East is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2009, 17 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 December 2023, Mercy Housing South East reported income of $10.0m and spending of $5.2m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $10.0m (+450%), an average of +53% a year. The sharpest change came in the year to December 2020, when income rose by 256%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Housing South East sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Archway Investment Corporation Inc ($10.0m), Silver Maples of Chelsea ($10.0m) and Mutual Housing California ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 14% of the total. At year end it held assets of $36.4m against liabilities of $23.9m, net assets of $12.6m.