New Mercies Ministries Inc

Analysis

New Mercies Ministries Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, New Mercies Ministries Inc reported income of $426k and spending of $317k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $317k to $426k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Mercies Ministries Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Launch Campus Ministry Incorporated ($426k), Men of Courage Louisiana ($426k) and El Centro Network Inc ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $78k (25% of expenses). Other salaries and wages came to $164k. At year end it held assets of $251k against liabilities of $0, net assets of $251k. It reported 9 employees.