Mercys Gate

Analysis

Mercys Gate is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 1998, 28 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, Mercys Gate reported income of $1.7m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercys Gate sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Tri-County Urban League Inc ($1.7m), Family Refuge Center Inc ($1.7m) and Association of Retarded Citizens of Evangeline Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $147k (9.0% of expenses). Other salaries and wages came to $124k. At year end it held assets of $1.4m against liabilities of $122k, net assets of $1.3m. It reported 7 employees.