Casa de Merced

Analysis

Casa 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, Casa de Merced reported income of $374k and spending of $415k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $374k (+20%), an average of +4.7% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Casa de Merced sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Brocton Housing Development Fund Company Inc ($374k), Creative Senior Housing ($374k) and Lord Howe Estates Housing Development Fund Corporation ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $546k against liabilities of $63k, net assets of $483k.

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.