Mercyfirst

Mercyfirst shows consistent revenue and asset growth, with zero reported officer compensation, despite a recent operational deficit.

EIN: 111635089 · Syosset, NY · NTEE: P320 · Updated: 2026-03-28

$56.4MRevenue

$28.1MAssets

90/100Mission Score (Excellent)

P320

About Mercyfirst

Mercyfirst (EIN: 111635089) is a nonprofit organization based in Syosset, NY, classified under NTEE code P320. The organization reported total revenue of $56.4M and total assets of $28.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mercyfirst's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mercyfirst demonstrates a generally stable financial position over the past decade, with revenues consistently in the $40-50 million range. While the organization experienced a deficit in the 2023 fiscal year, with expenses exceeding revenue by approximately $2.47 million ($50,723,472 vs $48,253,088), this follows a surplus in 2022. The organization's assets have shown growth, increasing from $18.27 million in 2014 to $31.08 million in 2023, indicating a healthy accumulation of resources. Liabilities have also increased, but the asset-to-liability ratio remains positive, suggesting solvency.

The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice is highly commendable and suggests a strong ethical framework regarding financial stewardship. The organization's ability to maintain operations and grow assets over a long period, despite occasional operational deficits, points to sound financial management and a focus on long-term sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mercyfirst with a Mission Score of 90 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Mercyfirst allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Mercyfirst consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual and commendable for an organization of its size.

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 Mercyfirst's IRS 990 filings:

Operational deficit in 2023 ($48,253,088 revenue vs $50,723,472 expenses)

Strengths

The following positive indicators were identified for Mercyfirst:

Consistent reporting of 0% officer compensation across all filings
Significant asset growth from $18.27 million in 2014 to $31.08 million in 2023
Stable revenue base consistently in the $40-50 million range over a decade
Positive asset-to-liability ratio indicating solvency

Frequently Asked Questions about Mercyfirst

Is Mercyfirst a good charity?

Based on the available data, Mercyfirst appears to be a good charity. Its consistent reporting of 0% officer compensation is a strong positive indicator of financial integrity and mission focus. While there was an operational deficit in 2023, the overall trend shows asset growth and stable revenue.

How has Mercyfirst's financial health changed over time?

Mercyfirst has shown consistent revenue in the $40-50 million range over the past decade. Assets have grown significantly from $18.27 million in 2014 to $31.08 million in 2023, indicating long-term financial stability and growth in resources.

What is the significance of 0% officer compensation?

The consistent reporting of 0% officer compensation means that no funds are being used for executive salaries, which is highly unusual for an organization of Mercyfirst's size and suggests a strong commitment to directing all resources towards its programs and mission.

Filing History

IRS 990 filing history for Mercyfirst showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mercyfirst's revenue has grown by 5.4%, moving from $45.8M to $48.3M. Total assets increased by 41.5% over the same period, from $22.0M to $31.1M. Total functional expenses rose by 15.2%, from $44.0M to $50.7M. In its most recent filing year (2023), Mercyfirst reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $25.6M in liabilities against $31.1M in assets (debt-to-asset ratio: 82.4%), resulting in net assets of $5.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$48.3M	$50.7M	$31.1M	$25.6M	—	View 990
2022	$52.6M	$47.0M	$24.2M	$16.3M	—	View 990
2021	$46.4M	$50.1M	$24.6M	$22.3M	—	—
2020	$46.6M	$46.9M	$24.6M	$18.6M	—	View 990
2019	$46.8M	$45.5M	$20.9M	$14.6M	—	View 990
2018	$46.7M	$46.6M	$19.0M	$14.0M	—	View 990
2017	$46.6M	$46.4M	$20.2M	$15.2M	—	View 990
2016	$45.2M	$45.4M	$19.2M	$14.6M	—	View 990
2015	$43.3M	$43.3M	$19.7M	$14.8M	—	View 990
2014	$42.2M	$42.3M	$18.3M	$13.4M	—	View 990
2013	$44.5M	$44.8M	$20.4M	$15.4M	—	View 990
2012	$45.1M	$45.6M	$20.5M	$15.1M	—	View 990
2011	$45.8M	$44.0M	$22.0M	$16.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $48.3M, expenses of $50.7M, and assets of $31.1M (revenue -8.3% year-over-year).
2022: Revenue of $52.6M, expenses of $47.0M, and assets of $24.2M (revenue +13.3% year-over-year).
2021: Revenue of $46.4M, expenses of $50.1M, and assets of $24.6M (revenue -0.5% year-over-year).
2020: Revenue of $46.6M, expenses of $46.9M, and assets of $24.6M (revenue -0.3% year-over-year).
2019: Revenue of $46.8M, expenses of $45.5M, and assets of $20.9M (revenue +0.1% year-over-year).
2018: Revenue of $46.7M, expenses of $46.6M, and assets of $19.0M (revenue +0.3% year-over-year).
2017: Revenue of $46.6M, expenses of $46.4M, and assets of $20.2M (revenue +3.1% year-over-year).
2016: Revenue of $45.2M, expenses of $45.4M, and assets of $19.2M (revenue +4.3% year-over-year).
2015: Revenue of $43.3M, expenses of $43.3M, and assets of $19.7M (revenue +2.8% year-over-year).
2014: Revenue of $42.2M, expenses of $42.3M, and assets of $18.3M (revenue -5.2% year-over-year).
2013: Revenue of $44.5M, expenses of $44.8M, and assets of $20.4M (revenue -1.3% year-over-year).
2012: Revenue of $45.1M, expenses of $45.6M, and assets of $20.5M (revenue -1.6% year-over-year).
2011: Revenue of $45.8M, expenses of $44.0M, and assets of $22.0M.

Data Sources and Methodology

This transparency report for Mercyfirst 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.