Mercy Foundation Inc

Analysis

Mercy Foundation Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 1974, 52 years ago. 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 June 2023, Mercy Foundation Inc reported income of $4.5m and spending of $2.8m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $4.5m (+134%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Sunrise Community of Polk County Inc ($4.5m), Big Sur Marathon Foundation Inc ($4.5m) and Child Care Council of Greater Houston Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. It paid $47k in professional fundraising fees. At year end it held assets of $7.4m against liabilities of $39k, net assets of $7.4m.