Mercy Place Belmont Inc

Analysis

Mercy Place Belmont Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mercy Place Belmont Inc reported income of $366k and spending of $474k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $366k (+12%), an average of +2.9% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Place Belmont 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 62nd percentile within CO. Charities of a similar size with the same main cause include Santa Monica New Hope Courtyard Apartments ($366k), RVM Central Point Housing Corporation ($366k) and Nazareth Farm Inc ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $1.3m against liabilities of $108k, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.