Mercy House Ministries Inc

Analysis

Mercy House Ministries Inc is a registered charity in United States, based in Colleyville, TX. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 House Ministries Inc reported income of $357k and spending of $348k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $313k to $357k (+14%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy House Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Hong Lok ($357k), Main Street Apartments Inc ($357k) and Litchfield Housing Trust Inc ($357k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $44k (13% of expenses). Other salaries and wages came to $94k. At year end it held assets of $708k against liabilities of $365k, net assets of $344k. It reported 9 employees.