Mercy Retirement Care Center

Analysis

Mercy Retirement Care Center is a registered charity in United States, based in Alameda, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Mercy Retirement Care Center reported income of $24.7m and spending of $27.9m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.1m to $24.7m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mercy Retirement Care Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Community Systems Inc ($24.7m), Westminster Village West Lafayette Inc ($24.8m) and Admiral at the Lake ($24.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Other salaries and wages came to $8.7m. At year end it held assets of $59.0m against liabilities of $28.1m, net assets of $30.9m. It reported 254 employees.