Mercy Restorative Care Hospital Inc

Analysis

Mercy Restorative Care Hospital Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Restorative Care Hospital Inc reported income of $20.8m and spending of $20.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $20.8m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Restorative Care Hospital Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Grandview Christian Home ($20.8m), Doctors Memorial Hospital Inc ($20.8m) and Education Training and Research Associates ($20.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $9.8m. At year end it held assets of $20.5m against liabilities of $15.6m, net assets of $4.9m. It reported 225 employees.