Mercer Foundation Inc

Analysis

Mercer Foundation Inc is a registered charity in United States, based in Nashville, NC. It received its IRS tax-exemption ruling in September 2018, 8 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, Mercer Foundation Inc reported income of $95k and spending of $87k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $29k to $95k (+233%), an average of +49% a year. The sharpest change came in the year to June 2021, when income rose by 143%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercer Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Manda Strong Foundation ($95k), Emmanuel Labor ($95k) and Holy Cross Conference of the Society of St Vincent de Paul ($95k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $13k (15% of expenses). At year end it held assets of $20k against liabilities of $21k, net assets of -$815. It reported 1 employees.