Friends of the Four Homes of Mercy

Analysis

Friends of the Four Homes of Mercy is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in July 1983, 43 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 December 2023, Friends of the Four Homes of Mercy reported income of $823k and spending of $405k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $823k (+411%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 323%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Four Homes of Mercy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Habonim Labor Zionist Youth ($823k), Jackson Council on Aging ($823k) and Katheryne B Payne Education Center ($823k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $572k against liabilities of $0, net assets of $572k.