Mercury Soul Inc

Analysis

Mercury Soul Inc is a registered charity in United States, based in Burlingame, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2024, Mercury Soul Inc reported income of $388k and spending of $328k, spending 85% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $70k to $388k (+450%), an average of +53% a year. The sharpest change came in the year to July 2021, when income rose by 258%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mercury Soul 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 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Museum of Friends ($388k), Radio Technical Commission for Maritime Services ($388k) and Veda Geetha Foundation Org ($388k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $120k (37% of expenses). At year end it held assets of $154k against liabilities of $0, net assets of $154k. It reported 1 employees.