Mercy Center Corporation
Mercy Center Corporation: Strong Revenue Growth, but Transparency Lacking
EIN: 222664472 · Asbury Park, NJ · NTEE: P200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $8.1M |
| Total Expenses | $6.9M |
| Program Spending | 70% |
| Net Assets | $5.6M |
| Transparency Score | 75/100 |
Is Mercy Center Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mercy Center Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mercy Center Corporation
Mercy Center Corporation (EIN: 222664472) is a nonprofit organization based in Asbury Park, NJ, classified under NTEE code P200. The organization reported total revenue of $8.1M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mercy Center Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mercy Center Corporation is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $6.9M |
| Surplus / Deficit | +$6K |
| Total Assets | $6.2M |
| Total Liabilities | $533K |
| Net Assets | $5.6M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2023, Mercy Center Corporation reported a surplus of $6K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mercy Center Corporation's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +167.4% | +163.9% | +6.4% |
| 2022 | +28.1% | +27.9% | -1.8% |
| 2021 | -5.3% | +2.5% | +0.8% |
| 2020 | +14.0% | +3.3% | +5.1% |
| 2019 | +8.9% | +5.4% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Mercy Center Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mercy Center Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation information is not disclosed in the provided data, preventing a comprehensive assessment of its reasonableness relative to the organization's size and mission.
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 Mercy Center Corporation's IRS 990 filings:
- Lack of detailed program spending breakdown in available filings.
- Absence of executive compensation details in the provided data.
- Limited transparency on the organization's website regarding financial documents and operational details.
Strengths
The following positive indicators were identified for Mercy Center Corporation:
- Significant revenue growth from $1.8M in 2019 to $8.1M in 2023, indicating strong fundraising or grant acquisition.
- Consistent positive net assets over the years, demonstrating financial stability.
- Low fundraising costs relative to revenue, suggesting efficient resource allocation for fundraising activities.
Frequently Asked Questions about Mercy Center Corporation
Is Mercy Center Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mercy Center Corporation (EIN: 222664472) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Mercy Center Corporation spend its money?
Mercy Center Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mercy Center Corporation tax-deductible?
Mercy Center Corporation is registered as a tax-exempt nonprofit (EIN: 222664472). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mercy Center Corporation's spending goes to programs?
Mercy Center Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mercy Center Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mercy Center Corporation is above average for NTEE category P200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mercy Center Corporation located?
Mercy Center Corporation is headquartered in Asbury Park, New Jersey and files with the IRS under EIN 222664472. It is classified under NTEE code P200.
How many years of IRS 990 filings does Mercy Center Corporation have?
Mercy Center Corporation has 13 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 $8.1M in total revenue.
What does Mercy Center Corporation do?
Mercy Center Corporation is a nonprofit organization in the Human Services sector, located in Asbury Park, New Jersey. It is classified under NTEE code P200.
How much revenue does Mercy Center Corporation have?
Mercy Center Corporation reported total revenue of $8,145,489. Based on 13 IRS 990 filings on record.
What are Mercy Center Corporation's total assets?
Mercy Center Corporation holds total assets of $6,139,655 as reported in IRS 990 filings.
Where is Mercy Center Corporation located?
Mercy Center Corporation is based in Asbury Park, New Jersey.
What is Mercy Center Corporation's EIN?
Mercy Center Corporation's Employer Identification Number (EIN) is 222664472. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mercy Center Corporation?
Mercy Center Corporation is classified under NTEE code P200 (Human Services).
Is Mercy Center Corporation a registered 501(c)(3)?
Yes, Mercy Center Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222664472.
Does Mercy Center Corporation file IRS Form 990?
Yes, Mercy Center Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Mercy Center Corporation's revenue in 2023?
In the 202306 filing period, Mercy Center Corporation reported total revenue of $6,923,868, total expenses of $6,918,355, and net assets of $6,165,131.
Is Mercy Center Corporation's revenue growing or declining?
Mercy Center Corporation's revenue is growing. Revenue went from $2,589,100 (202206) to $6,923,868 (202306), a +167.4% change. Based on 13 filings on record.
What is Mercy Center Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Mercy Center Corporation covers tax period 202306. It shows revenue of $6,923,868, expenses of $6,918,355, total assets of $6,165,131, and liabilities of $532,960.
How much does Mercy Center Corporation spend on programs vs administration?
Based on IRS 990 analysis, Mercy Center Corporation allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Mercy Center Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Mercy Center Corporation appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Mercy Center Corporation?
The following concerns were identified: Lack of detailed program spending breakdown in available filings.. Absence of executive compensation details in the provided data.. Limited transparency on the organization's website regarding financial documents and operational details.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mercy Center Corporation's strengths?
Positive indicators for Mercy Center Corporation include: Significant revenue growth from $1.8M in 2019 to $8.1M in 2023, indicating strong fundraising or grant acquisition.. Consistent positive net assets over the years, demonstrating financial stability.. Low fundraising costs relative to revenue, suggesting efficient resource allocation for fundraising activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Mercy Center Corporation compensate executives?
Executive compensation information is not disclosed in the provided data, preventing a comprehensive assessment of its reasonableness relative to the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the dramatic revenue increase from $2.5M in 2017 to over $8.1M in 2023, and how has this growth impacted program delivery?
The provided data shows a substantial increase in revenue, particularly between 2022 ($2.5M) and 2023 ($8.1M). Without further details on funding sources (e.g., specific grants, major donors, new programs), it's challenging to pinpoint the exact drivers. An analysis of program expansion or new initiatives would be necessary to understand the impact on service delivery.
Given the substantial revenue growth, what is the organization's strategy for maintaining financial stability and ensuring the effective use of increased resources for its mission?
While the organization has demonstrated strong revenue growth and positive net assets, the lack of detailed spending breakdowns makes it difficult to assess the strategic allocation of these increased resources. A clear strategy for managing growth, including investment in programs, infrastructure, and talent, would be crucial for long-term stability and mission effectiveness.
Filing History
IRS 990 filing history for Mercy Center Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mercy Center Corporation's revenue has grown by 324.7%, moving from $1.6M to $6.9M. Total assets increased by 9.3% over the same period, from $5.6M to $6.2M. Total functional expenses rose by 305.4%, from $1.7M to $6.9M. In its most recent filing year (2023), Mercy Center Corporation reported a surplus of $6K, with revenue exceeding expenses. The organization holds $533K in liabilities against $6.2M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $6.9M | $6.2M | $533K | — | — |
| 2022 | $2.6M | $2.6M | $5.8M | $144K | — | View 990 |
| 2021 | $2.0M | $2.1M | $5.9M | $109K | — | — |
| 2020 | $2.1M | $2.0M | $5.9M | $246K | — | View 990 |
| 2019 | $1.9M | $1.9M | $5.6M | $95K | — | View 990 |
| 2018 | $1.7M | $1.8M | $5.6M | $107K | — | View 990 |
| 2017 | $2.5M | $1.8M | $5.7M | $111K | — | View 990 |
| 2016 | $1.9M | $1.7M | $5.0M | $113K | — | View 990 |
| 2015 | $2.0M | $1.8M | $4.8M | $115K | — | View 990 |
| 2014 | $1.8M | $1.9M | $4.7M | $155K | — | View 990 |
| 2013 | $2.2M | $2.0M | $4.8M | $185K | — | View 990 |
| 2012 | $1.9M | $1.8M | $5.4M | $1.0M | — | View 990 |
| 2011 | $1.6M | $1.7M | $5.6M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $6.9M, and assets of $6.2M (revenue +167.4% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.6M, and assets of $5.8M (revenue +28.1% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.1M, and assets of $5.9M (revenue -5.3% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.0M, and assets of $5.9M (revenue +14.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $5.6M (revenue +8.9% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.8M, and assets of $5.6M (revenue -31.2% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.8M, and assets of $5.7M (revenue +33.5% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.7M, and assets of $5.0M (revenue -6.3% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.8M, and assets of $4.8M (revenue +13.7% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.9M, and assets of $4.7M (revenue -21.3% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.0M, and assets of $4.8M (revenue +18.1% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $5.4M (revenue +16.1% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.7M, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mercy Center Corporation:
Data Sources and Methodology
This transparency report for Mercy Center Corporation 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.