Mercy Research

Analysis

Mercy Research is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Research reported income of $3.5m and spending of $7.6m, spending 216% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.1m to $3.5m (-31%), an average of -9.0% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 203% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Research sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include Work to Ride Inc ($3.5m), The Growhaus ($3.5m) and Meals on Wheels of Solano County ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $5.0m. At year end it held assets of $880k against liabilities of $449k, net assets of $431k.

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.