Mercy4myneighbor

Analysis

Mercy4myneighbor is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Mercy4myneighbor reported income of $120k and spending of $99k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $120k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercy4myneighbor sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Ipswich Tiger Post Community Education Center Incorporated ($120k), Olive in July Inc ($120k) and Live Oak County Child Welfare Inc ($120k).

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 $51k against liabilities of $0, net assets of $51k.