Mercy Endowment Foundation
Mercy Endowment Foundation shows fluctuating financial activity with substantial assets but recent $0 revenue and assets.
EIN: 10357314 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $63K |
| Program Spending | 70% |
| Net Assets | $3.3M |
| Transparency Score | 60/100 |
Is Mercy Endowment Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mercy Endowment Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mercy Endowment Foundation
Mercy Endowment Foundation (EIN: 10357314) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mercy Endowment Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mercy Endowment Foundation is a small nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $370K |
| Total Expenses | $63K |
| Surplus / Deficit | +$307K |
| Total Assets | $3.3M |
| Net Assets | $3.3M |
| Operating Margin | 83.0% |
| Months of Reserves | 640.3 months |
Financial Health Grade: A
In 2017, Mercy Endowment Foundation reported a surplus of $307K with revenue exceeding expenses, holds 640.3 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2011–2017), Mercy Endowment Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -8.5% | -97.6% | +10.1% |
| 2016 | -37.2% | +3451.2% | -41.6% |
| 2015 | +78.7% | -56.1% | +12.3% |
| 2014 | -26.3% | -84.2% | +4.4% |
| 2013 | +20.8% | -49.1% | -11.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mercy Endowment Foundation with a Mission Score of 60 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 Endowment Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $307K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting either a volunteer executive structure or that compensation is not disclosed in this summary, which could contribute to lower administrative costs.
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 Endowment Foundation's IRS 990 filings:
- Latest reported revenue and assets are $0, indicating potential inactivity or dissolution.
- Significant fluctuations in expenses relative to revenue across different years, such as expenses exceeding revenue by over $2 million in 2016.
- Unknown NTEE code, making it difficult to understand the organization's specific charitable focus.
- Lack of detailed information on the nature of large expenditures in years with high expenses.
Strengths
The following positive indicators were identified for Mercy Endowment Foundation:
- Consistently reported $0 liabilities across all filings, indicating no debt and a strong balance sheet in previous operational periods.
- Substantial asset base in prior years, reaching up to $6,628,242 in 2011, suggesting a history of financial capacity.
- No reported officer compensation, potentially indicating efficient use of funds if leadership is volunteer-based.
Frequently Asked Questions about Mercy Endowment Foundation
Is Mercy Endowment Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mercy Endowment Foundation (EIN: 10357314) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
How does Mercy Endowment Foundation spend its money?
Mercy Endowment Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mercy Endowment Foundation tax-deductible?
Mercy Endowment Foundation is registered as a tax-exempt nonprofit (EIN: 10357314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mercy Endowment Foundation's spending goes to programs?
Mercy Endowment Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Mercy Endowment Foundation located?
Mercy Endowment Foundation is headquartered in Portland, Maine and files with the IRS under EIN 10357314.
How many years of IRS 990 filings does Mercy Endowment Foundation have?
Mercy Endowment Foundation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current operational status of Mercy Endowment Foundation given the latest reported $0 revenue and assets?
The latest filing indicates $0 in both revenue and assets, which is a significant change from previous years where assets were in the millions. This suggests the organization may have ceased operations, transferred assets, or is in a dormant phase, requiring further inquiry beyond the provided data.
What is the purpose or mission of Mercy Endowment Foundation, given the 'Unknown' NTEE code?
Without an NTEE code or mission statement, it's difficult to ascertain the specific charitable purpose of the foundation, which is crucial for evaluating its impact and program effectiveness.
Why were expenses so high in 2016 ($2,567,746) and 2012 ($2,042,328) compared to revenue, and what did these expenses cover?
The significant expense spikes in certain years, far exceeding revenue, suggest large one-time expenditures or distributions. Understanding the nature of these expenses (e.g., program grants, asset transfers, or significant operational costs) is vital for assessing financial management.
Filing History
IRS 990 filing history for Mercy Endowment Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Mercy Endowment Foundation's revenue has declined by 5.8%, moving from $392K to $370K. Total assets decreased by 49.5% over the same period, from $6.6M to $3.3M. Total functional expenses rose by 26%, from $50K to $63K. In its most recent filing year (2017), Mercy Endowment Foundation reported a surplus of $307K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $370K | $63K | $3.3M | $0 | — | View 990 |
| 2016 | $404K | $2.6M | $3.0M | $0 | — | View 990 |
| 2015 | $643K | $72K | $5.2M | $0 | — | View 990 |
| 2014 | $360K | $165K | $4.6M | $0 | — | View 990 |
| 2013 | $488K | $1.0M | $4.4M | $0 | — | View 990 |
| 2012 | $404K | $2.0M | $5.0M | $0 | — | View 990 |
| 2011 | $392K | $50K | $6.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $370K, expenses of $63K, and assets of $3.3M (revenue -8.5% year-over-year).
- 2016: Revenue of $404K, expenses of $2.6M, and assets of $3.0M (revenue -37.2% year-over-year).
- 2015: Revenue of $643K, expenses of $72K, and assets of $5.2M (revenue +78.7% year-over-year).
- 2014: Revenue of $360K, expenses of $165K, and assets of $4.6M (revenue -26.3% year-over-year).
- 2013: Revenue of $488K, expenses of $1.0M, and assets of $4.4M (revenue +20.8% year-over-year).
- 2012: Revenue of $404K, expenses of $2.0M, and assets of $5.0M (revenue +2.9% year-over-year).
- 2011: Revenue of $392K, expenses of $50K, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mercy Endowment Foundation:
Data Sources and Methodology
This transparency report for Mercy Endowment Foundation 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.