Mercy Health Foundation Ardmore

Analysis

Mercy Health Foundation Ardmore is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Health Foundation Ardmore reported income of $2.1m and spending of $1.1m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $808k to $2.1m (+165%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 185%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Health Foundation Ardmore sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include Denver Metro Village Inc ($2.1m), El Paso Diabetes Association Inc ($2.1m) and A a a Womens Services Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $139k. At year end it held assets of $6.1m against liabilities of $35k, net assets of $6.1m.