Mercy Ministries Of Laredo

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Mercy Ministries Of Laredo Form 990, Revenue, CEO Pay, and IRS Filing Signals

Mercy Ministries Of Laredo is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Mercy Ministries Of Laredo in one place.

Is Mercy Ministries Of Laredo Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Mercy Ministries Of Laredo shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Mercy Ministries Of Laredo directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Mercy Ministries Of Laredo

Mercy Ministries Of Laredo (EIN: 200198462) is a nonprofit organization based in Laredo, TX, classified under NTEE code E30. The organization reported total revenue of $2.2M and total assets of $34.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mercy Ministries Of Laredo's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Mercy Ministries Of Laredo is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Mercy Ministries Of Laredo reported a deficit of $2.0M with expenses exceeding revenue, holds 108.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Mercy Ministries Of Laredo's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.

IRS Tax-Exempt Classification

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 Ministries Of Laredo with a Mission Score of 70 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Mercy Ministries Of Laredo allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $2.0M, with expenses exceeding revenue.
• Debt-to-asset ratio: 0.9%.

Executive Compensation Analysis

Mercy Ministries Of Laredo consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is a strong positive for an organization of its size with assets exceeding $34 million.

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 Ministries Of Laredo's IRS 990 filings:

• Consistent and significant operating deficits (e.g., $1,849,270 revenue vs. $3,850,267 expenses in 2023).
• Reliance on asset drawdowns to cover operational costs, which is not sustainable indefinitely.

Strengths

The following positive indicators were identified for Mercy Ministries Of Laredo:

• Substantial asset base ($34,649,603 in latest filing) providing financial stability.
• No reported officer compensation, indicating efficient use of funds at the executive level.
• Consistent IRS 990 filing history, demonstrating transparency.

Frequently Asked Questions about Mercy Ministries Of Laredo

Filing History

IRS 990 filing history for Mercy Ministries Of Laredo showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mercy Ministries Of Laredo's revenue has declined by 13.9%, moving from $2.1M to $1.8M. Total assets increased by 40.1% over the same period, from $24.8M to $34.8M. Total functional expenses rose by 35.2%, from $2.8M to $3.9M. In its most recent filing year (2023), Mercy Ministries Of Laredo reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $324K in liabilities against $34.8M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $34.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.8M, expenses of $3.9M, and assets of $34.8M (revenue -8.3% year-over-year).
• 2022: Revenue of $2.0M, expenses of $3.5M, and assets of $35.2M (revenue +0.2% year-over-year).
• 2021: Revenue of $2.0M, expenses of $3.5M, and assets of $34.7M (revenue +0.7% year-over-year).
• 2020: Revenue of $2.0M, expenses of $3.2M, and assets of $29.2M (revenue +27.0% year-over-year).
• 2019: Revenue of $1.6M, expenses of $3.4M, and assets of $29.1M (revenue -28.3% year-over-year).
• 2018: Revenue of $2.2M, expenses of $3.4M, and assets of $29.8M (revenue +27.0% year-over-year).
• 2017: Revenue of $1.7M, expenses of $3.4M, and assets of $29.3M (revenue -31.2% year-over-year).
• 2016: Revenue of $2.5M, expenses of $3.2M, and assets of $28.4M (revenue +66.9% year-over-year).
• 2015: Revenue of $1.5M, expenses of $3.0M, and assets of $27.5M (revenue -3.2% year-over-year).
• 2014: Revenue of $1.6M, expenses of $2.9M, and assets of $27.8M (revenue +3.3% year-over-year).
• 2013: Revenue of $1.5M, expenses of $3.0M, and assets of $25.9M (revenue -5.8% year-over-year).
• 2012: Revenue of $1.6M, expenses of $2.9M, and assets of $24.9M (revenue -25.7% year-over-year).
• 2011: Revenue of $2.1M, expenses of $2.8M, and assets of $24.8M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Mercy Ministries Of Laredo:

Data Sources and Methodology

This transparency report for Mercy Ministries Of Laredo 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.