Casa de Misericordia

Analysis

Casa de Misericordia is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in June 1999, 27 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, Casa de Misericordia reported income of $2.0m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.0m (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Casa de Misericordia sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Summit Health & Management Corporation ($2.0m), Wesley Rankin Community Center Inc ($2.0m) and Cef Norcal ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $905k. At year end it held assets of $5.2m against liabilities of $379k, net assets of $4.8m.