Mercy Projects

Analysis

Mercy Projects is a registered charity in United States, based in Murrieta, CA. It received its IRS tax-exemption ruling in April 1986, 40 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, Mercy Projects reported income of $778k and spending of $938k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $774k to $778k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Projects sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Old First Ward Community Association ($778k), Ocular Melanoma Foundation ($778k) and United Way of Bradford County ($778k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $110k (12% of expenses). Other salaries and wages came to $29k. At year end it held assets of $1.1m against liabilities of $173k, net assets of $969k. It reported 3 employees.