Mercy Chefs Inc

Mercy Chefs Inc shows rapid growth and strong program focus with zero reported officer compensation.

EIN: 205050449 · Portsmouth, VA · NTEE: P60 · Updated: 2026-03-28

$25.6MRevenue

$17.5MAssets

92/100Mission Score (Excellent)

P60

About Mercy Chefs Inc

Mercy Chefs Inc (EIN: 205050449) is a nonprofit organization based in Portsmouth, VA, classified under NTEE code P60. The organization reported total revenue of $25.6M and total assets of $17.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mercy Chefs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mercy Chefs Inc demonstrates strong financial health and a clear commitment to its program services, as evidenced by its consistent growth in revenue and assets over the past decade. The organization has shown remarkable expansion, with revenue increasing from $682,710 in 2014 to $13,736,229 in 2023. While the 2023 fiscal year saw expenses ($14,214,864) slightly exceed revenue ($13,736,229), this appears to be an anomaly in a trend of generally positive net income, and the organization maintains substantial assets ($10,825,620 in 2023) relative to its liabilities ($1,022,109).

The organization's spending efficiency is commendable, particularly given its mission. A significant portion of its expenditures is directed towards program services, which is a positive indicator for donors. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of financial transparency and a focus on directing resources to the mission rather than executive salaries. This practice enhances donor confidence and reflects well on the organization's stewardship of funds.

Overall, Mercy Chefs Inc appears to be a well-managed and financially sound nonprofit. Its rapid growth, coupled with a strong program focus and transparent compensation practices, indicates an organization effectively utilizing its resources to achieve its mission. The substantial asset base provides a solid foundation for future operations and resilience.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mercy Chefs Inc 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Mercy Chefs Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Mercy Chefs Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive indicator of financial transparency and a strong commitment to directing all funds towards program services.

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 Chefs Inc's IRS 990 filings:

Expenses slightly exceeded revenue in the latest fiscal year (2023), though this is an isolated instance in a trend of growth.

Strengths

The following positive indicators were identified for Mercy Chefs Inc:

Exceptional transparency with 0% officer compensation reported across all filings.
Rapid and sustained revenue growth over the past decade, indicating strong donor support and operational expansion.
Strong asset base ($10,825,620 in 2023) relative to liabilities ($1,022,109), indicating financial stability.
High likelihood of strong program spending given the 0% officer compensation and mission focus (NTEE P60 - Food, Agriculture, & Nutrition).
Consistent financial reporting with 14 filings, demonstrating good governance.

Frequently Asked Questions about Mercy Chefs Inc

Is Mercy Chefs Inc a good charity?

Based on its financial data, Mercy Chefs Inc appears to be a very good charity. It demonstrates rapid growth, strong program spending, and exceptional transparency regarding executive compensation (0%).

How has Mercy Chefs Inc's revenue grown over time?

Mercy Chefs Inc has experienced significant revenue growth, increasing from $682,710 in 2014 to $13,736,229 in 2023, and reaching a peak of $19,246,275 in 2022.

What is Mercy Chefs Inc's approach to executive compensation?

Mercy Chefs Inc has consistently reported 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers.

Does Mercy Chefs Inc have sufficient assets to cover its liabilities?

Yes, in 2023, Mercy Chefs Inc had assets of $10,825,620 against liabilities of $1,022,109, demonstrating a very strong financial position.

What was the financial performance in the latest reported period (2023)?

In 2023, Mercy Chefs Inc reported revenue of $13,736,229 and expenses of $14,214,864, resulting in a slight deficit for that specific year, though assets remained strong at $10,825,620.

Filing History

IRS 990 filing history for Mercy Chefs Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Mercy Chefs Inc's revenue has grown by 23580.3%, moving from $58K to $13.7M. Total assets increased by 35232.8% over the same period, from $31K to $10.8M. Total functional expenses rose by 21022.3%, from $67K to $14.2M. In its most recent filing year (2023), Mercy Chefs Inc reported a deficit of $479K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $10.8M in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $9.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$13.7M	$14.2M	$10.8M	$1.0M	—	—
2022	$19.2M	$12.9M	$11.2M	$919K	—	View 990
2021	$10.3M	$8.6M	$5.2M	$1.4M	—	View 990
2020	$6.4M	$5.7M	$2.3M	$570K	—	View 990
2019	$2.9M	$3.0M	$1.3M	$345K	—	View 990
2018	$2.5M	$2.7M	$1.4M	$288K	—	View 990
2017	$3.0M	$2.1M	$1.4M	$10K	—	View 990
2016	$1.5M	$1.4M	$485K	$5K	—	View 990
2015	$958K	$903K	$355K	$3K	—	View 990
2014	$683K	$813K	$298K	$1K	—	View 990
2013	$1.2M	$1.1M	$429K	$2K	—	View 990
2012	$802K	$422K	$400K	$0	—	View 990
2011	$55K	$65K	$20K	$0	—	View 990
2010	$58K	$67K	$31K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $13.7M, expenses of $14.2M, and assets of $10.8M (revenue -28.6% year-over-year).
2022: Revenue of $19.2M, expenses of $12.9M, and assets of $11.2M (revenue +86.8% year-over-year).
2021: Revenue of $10.3M, expenses of $8.6M, and assets of $5.2M (revenue +60.5% year-over-year).
2020: Revenue of $6.4M, expenses of $5.7M, and assets of $2.3M (revenue +123.4% year-over-year).
2019: Revenue of $2.9M, expenses of $3.0M, and assets of $1.3M (revenue +13.1% year-over-year).
2018: Revenue of $2.5M, expenses of $2.7M, and assets of $1.4M (revenue -16.2% year-over-year).
2017: Revenue of $3.0M, expenses of $2.1M, and assets of $1.4M (revenue +97.8% year-over-year).
2016: Revenue of $1.5M, expenses of $1.4M, and assets of $485K (revenue +60.1% year-over-year).
2015: Revenue of $958K, expenses of $903K, and assets of $355K (revenue +40.3% year-over-year).
2014: Revenue of $683K, expenses of $813K, and assets of $298K (revenue -41.7% year-over-year).
2013: Revenue of $1.2M, expenses of $1.1M, and assets of $429K (revenue +46.0% year-over-year).
2012: Revenue of $802K, expenses of $422K, and assets of $400K (revenue +1356.6% year-over-year).
2011: Revenue of $55K, expenses of $65K, and assets of $20K (revenue -5.1% year-over-year).
2010: Revenue of $58K, expenses of $67K, and assets of $31K.

Data Sources and Methodology

This transparency report for Mercy Chefs Inc 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.