House Of Mercy
House Of Mercy shows strong financial growth and asset accumulation with no reported officer compensation.
EIN: 202465585 · Federal Way, WA · NTEE: X80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.5 |
| Net Assets | $992K |
| Transparency Score | 92/100 |
Is House Of Mercy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
House Of Mercy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About House Of Mercy
House Of Mercy (EIN: 202465585) is a nonprofit organization based in Federal Way, WA, classified under NTEE code X80. The organization reported total revenue of $3.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of House Of Mercy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
House Of Mercy is a mid-size nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$198K |
| Total Assets | $1.0M |
| Total Liabilities | $16K |
| Net Assets | $992K |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2023, House Of Mercy reported a surplus of $198K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), House Of Mercy's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.3% | +43.0% | +58.3% |
| 2022 | +43.3% | +20.3% | +58.3% |
| 2021 | -9.3% | -6.1% | -13.5% |
| 2020 | -10.2% | -9.3% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates House Of Mercy with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, House Of Mercy allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $198K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
House Of Mercy consistently reports 0% officer compensation across all five available IRS 990 filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization with over $2.5 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of House Of Mercy's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization of this size, which may obscure actual management compensation if it's categorized elsewhere.
Strengths
The following positive indicators were identified for House Of Mercy:
- Consistent revenue growth, from $1,608,557 in 2019 to $2,559,938 in 2023.
- Significant asset accumulation, more than doubling from $485,820 in 2019 to $1,008,244 in 2023.
- Low liabilities relative to assets, indicating a strong balance sheet.
- Positive net income in recent years, demonstrating financial sustainability (e.g., $198,173 in 2023).
- No reported officer compensation, suggesting a high dedication of resources to mission or volunteer leadership.
Frequently Asked Questions about House Of Mercy
Is House Of Mercy a legitimate charity?
House Of Mercy (EIN: 202465585) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 5 years of IRS 990 filings on record. Total revenue: $3.2M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does House Of Mercy spend its money?
House Of Mercy directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to House Of Mercy tax-deductible?
House Of Mercy is registered as a tax-exempt nonprofit (EIN: 202465585). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the House Of Mercy CEO make?
House Of Mercy's highest-compensated officer earns $2.5 annually. The organization reported $3.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of House Of Mercy's spending goes to programs?
House Of Mercy directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does House Of Mercy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), House Of Mercy is above average for NTEE category X80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is House Of Mercy located?
House Of Mercy is headquartered in Federal Way, Washington and files with the IRS under EIN 202465585. It is classified under NTEE code X80.
How many years of IRS 990 filings does House Of Mercy have?
House Of Mercy has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.2M in total revenue.
How does House Of Mercy manage to operate with 0% reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that key leadership roles are filled by volunteers, or that compensation for management is categorized differently within the expense structure, such as program staff or general salaries, rather than officer compensation. Further investigation into their detailed expense breakdown would be needed to clarify.
What is the primary driver of House Of Mercy's significant asset growth?
House Of Mercy's assets have grown from $485,820 in 2019 to $1,008,244 in 2023. This growth is primarily driven by consistent positive net income in recent years, such as $198,173 in 2023 and $226,347 in 2022, indicating that the organization is generating more revenue than it spends annually and retaining those funds.
Is House Of Mercy financially stable given its revenue and expense patterns?
Yes, House Of Mercy appears financially stable. Its revenue has consistently exceeded or closely matched expenses, leading to positive net assets and significant asset growth. Liabilities are also very low relative to assets, further indicating financial health.
Filing History
IRS 990 filing history for House Of Mercy showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), House Of Mercy's revenue has grown by 59.1%, moving from $1.6M to $2.6M. Total assets increased by 107.5% over the same period, from $486K to $1.0M. Total functional expenses rose by 46.6%, from $1.6M to $2.4M. In its most recent filing year (2023), House Of Mercy reported a surplus of $198K, with revenue exceeding expenses. The organization holds $16K in liabilities against $1.0M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $992K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.4M | $1.0M | $16K | — | View 990 |
| 2022 | $1.9M | $1.7M | $637K | $15K | — | — |
| 2021 | $1.3M | $1.4M | $402K | $7K | — | View 990 |
| 2020 | $1.4M | $1.5M | $465K | $8K | — | View 990 |
| 2019 | $1.6M | $1.6M | $486K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.4M, and assets of $1.0M (revenue +36.3% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.7M, and assets of $637K (revenue +43.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.4M, and assets of $402K (revenue -9.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $465K (revenue -10.2% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $486K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for House Of Mercy:
Data Sources and Methodology
This transparency report for House Of Mercy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.