LA Merced Foundation Inc

Analysis

LA Merced Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, LA Merced Foundation Inc reported income of $124k and spending of $118k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $124k (+96%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, LA Merced Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Safeway Medical Clinic of Nairobi Inc ($124k), 33 Forever Inc ($124k) and San Antonio Clubhouse Foundation Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.