Mercy Mountain Ministries

Analysis

Mercy Mountain Ministries is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mercy Mountain Ministries reported income of $456k and spending of $233k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $387k to $456k (+18%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 49% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mercy Mountain Ministries sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Catholic Evangelism to the Chinese ($455k), Ministerios Torre Fuerte Internacional ($456k) and Planted Ministries ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $44k (19% of expenses). Other salaries and wages came to $59k. At year end it held assets of $787k against liabilities of $4,130, net assets of $783k. It reported 9 employees.