Merciful Souls Inc

Analysis

Merciful Souls Inc is a registered charity in United States, based in Pinole, CA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Merciful Souls Inc reported income of $87k and spending of $64k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $209k to $87k (-58%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Merciful Souls Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Karin Foundation ($87k), Jewish Cuba Connection Inc ($87k) and Restoration International Ministries ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.