Mercy Properties Inc

Analysis

Mercy Properties Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Mercy Properties Inc reported income of $927k and spending of $353k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $927k (+172%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 150%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Properties Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include St Matthew Housing Development Inc ($927k), St Francis House Inc ($927k) and Lighthouse Rescue Mission ($926k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 36% of the total. At year end it held assets of $1.4m against liabilities of $2.4m, net assets of -$1.0m.