Mercy Housing California

Analysis

Mercy Housing California is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing California reported income of $41.1m and spending of $62.8m, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $50.6m to $41.1m (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Housing California sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Father Bills & Mainspring Inc ($41.0m), Foundation Communities Inc ($41.3m) and Arundel Community Development Services Inc ($40.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. At year end it held assets of $263.1m against liabilities of $98.6m, net assets of $164.5m.