Mercy Ministries

Analysis

Mercy Ministries is a registered charity in United States, based in Olive Hill, KY. 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 (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 Ministries reported income of $105k and spending of $92k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $219k to $105k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mercy Ministries sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within KY. Charities of a similar size with the same main cause include Broom Hill Baptist Church ($105k), Evangelical Church of Beracah ($105k) and Society of Saint Vincent de Paul in the Archdiocese of Boston ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $252k against liabilities of $0, net assets of $252k.