Mission of Mercy Inc

Analysis

Mission of Mercy Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in September 1992, 34 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 June 2024, Mission of Mercy Inc reported income of $11.5m and spending of $12.2m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.8m to $11.5m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2024, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mission of Mercy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Belev Echad Inc ($11.5m), Family and Childrens Service ($11.5m) and United Families Inc ($11.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $587k (4.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $6.5m against liabilities of $457k, net assets of $6.0m. It reported 42 employees.