Mercy-Phs Senior Housing

Analysis

Mercy-Phs Senior Housing is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in February 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mercy-Phs Senior Housing reported income of $142k and spending of $639k, spending 449% of what it took in. Over the whole period it spent 449% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy-Phs Senior Housing 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 46th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Santas Community Apartments Inc ($142k), Stevenson Land Corporation ($142k) and Trinity Housing Services Inc ($142k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 84% of the total. Other salaries and wages came to $98k. At year end it held assets of $93.8m against liabilities of $87.6m, net assets of $6.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.