Mercy Crest and Housing Inc

Analysis

Mercy Crest and Housing Inc is a registered charity in United States, based in Barling, AR. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Mercy Crest and Housing Inc reported income of $3.8m and spending of $4.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $3.8m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 88%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Crest and Housing Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within AR. Charities of a similar size with the same main cause include Skagit Gleaners ($3.8m), National Church Residences Foundation ($3.8m) and Blue Ridge Christian Home Corporation ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 92% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $8.2m against liabilities of $397k, net assets of $7.8m. It reported 108 employees.