Merci

Analysis

Merci is a registered charity in United States, based in Monterey Park, CA. It received its IRS tax-exemption ruling in June 1961, 65 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Merci reported income of $2.3m and spending of $7.6m, spending 325% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.9m to $2.3m (-40%), an average of -12% a year. The sharpest change came in the year to August 2020, when income dropped by 31%. Over the whole period it spent 121% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Merci sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include McKenzie Personnel Systems ($2.3m), Micah 6 Community ($2.3m) and Black Executive Cmo Alliance ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $136k (1.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.3m against liabilities of $7.9m, net assets of $424k. It reported 41 employees.