Mercy Housing and Human Development Inc

Analysis

Mercy Housing and Human Development Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Mercy Housing and Human Development Inc reported income of $490k and spending of $774k, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $661k to $490k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2023, when income dropped by 57%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercy Housing and Human Development Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MS. Charities of a similar size with the same main cause include Backyard Growers Inc ($490k), Gardhouse Limited ($490k) and City Fruit ($490k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $70k (9.0% of expenses). Other salaries and wages came to $218k. At year end it held assets of $5.6m against liabilities of $16k, net assets of $5.6m. It reported 12 employees.