Brothers of Mercy Management Company Inc

Analysis

Brothers of Mercy Management Company Inc is a registered charity in United States, based in Clarence, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brothers of Mercy Management Company Inc reported income of $2.9m and spending of $2.9m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.0m to $2.9m (+44%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brothers of Mercy Management Company Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include St Joseph Financial Services ($2.9m), Henrys Fork Foundation Inc ($2.9m) and Interlink Ministries Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $22k (0.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.0m against liabilities of $3.0m, net assets of $0. It reported 34 employees.