Mercy Multiplied America Inc

Analysis

Mercy Multiplied America Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 1983, 43 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 December 2023, Mercy Multiplied America Inc reported income of $9.9m and spending of $8.9m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.5m to $9.9m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Multiplied America Inc 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 TN. Charities of a similar size with the same main cause include Marquardt Memorial Manor Inc ($9.9m), Northwest Classical Academy Inc ($9.9m) and International Health Share ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $558k (6.3% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $21.2m against liabilities of $268k, net assets of $20.9m. It reported 133 employees.