Mercy Cares Inc

Analysis

Mercy Cares Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 2020, 6 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, Mercy Cares Inc reported income of $72k and spending of $45k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $111k to $72k (-35%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercy Cares Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include African Community Center of Lowell ($72k), Friendly Neighbors Senior Citizens Inc ($72k) and Buckhead Lions Club Foundation Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.