Plazas de Merced

Analysis

Plazas de Merced 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, Plazas de Merced reported income of $269k and spending of $274k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $269k (+17%), an average of +4.1% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Plazas de Merced sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Casa de Amigos IX Inc ($269k), Rebuilding Together Indianapolis Inc ($270k) and Marion Project III Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. At year end it held assets of $398k against liabilities of $148k, net assets of $250k.

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.