Mercy Housing Southwest

Analysis

Mercy Housing Southwest is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2012, 14 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 December 2023, Mercy Housing Southwest reported income of $4.1m and spending of $754k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $4.1m (+1564%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 445%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Housing Southwest sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include South Portland Housing Development Corporation ($4.1m), Community Neighborhood Housing Services Inc ($4.1m) and Nelson Hall Homes ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $7.3m against liabilities of $7.7m, net assets of -$460k.