The Sue & Eugene Mercy Jr Foundation
The Sue & Eugene Mercy Jr Foundation consistently distributes more than its annual revenue, drawing down its endowment.
EIN: 136217050 · Charlottesville, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $227K |
| Program Spending | 90% |
| Net Assets | $3.3M |
| Transparency Score | 85/100 |
Is The Sue & Eugene Mercy Jr Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Sue & Eugene Mercy Jr Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Sue & Eugene Mercy Jr Foundation
The Sue & Eugene Mercy Jr Foundation (EIN: 136217050) is a nonprofit organization based in Charlottesville, VA. The organization reported total revenue of $1.2M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Sue & Eugene Mercy Jr Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Sue & Eugene Mercy Jr Foundation is a mid-size nonprofit that has been operating for 59 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $227K |
| Surplus / Deficit | $-55,249 |
| Total Assets | $3.3M |
| Total Liabilities | $1 |
| Net Assets | $3.3M |
| Operating Margin | -32.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 174.0 months |
Financial Health Grade: B
In 2023, The Sue & Eugene Mercy Jr Foundation reported a deficit of $55K with expenses exceeding revenue, holds 174.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Sue & Eugene Mercy Jr Foundation's revenue has grown at a compound annual growth rate (CAGR) of 22.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.3% | -33.9% | -1.7% |
| 2022 | +29.5% | -19.8% | +6.3% |
| 2021 | +352.7% | -1.7% | -0.3% |
| 2020 | -77.8% | -18.7% | -9.8% |
| 2019 | +34.6% | -9.2% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 The Sue & Eugene Mercy Jr Foundation with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, The Sue & Eugene Mercy Jr Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid or compensated through mechanisms not categorized as direct officer compensation on the 990, which is a positive sign for minimizing overhead.
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 The Sue & Eugene Mercy Jr Foundation's IRS 990 filings:
- Consistent decline in assets over the past decade, from $4.8M in 2011 to $3.2M in 2023, indicating distributions exceed new capital or investment returns.
Strengths
The following positive indicators were identified for The Sue & Eugene Mercy Jr Foundation:
- Consistent IRS 990 filing history (10 filings), demonstrating strong transparency.
- No officer compensation reported across all filings (0%), suggesting low administrative overhead for leadership.
- Minimal liabilities ($0 or $1 across all filings), indicating a very healthy balance sheet.
- Clear operational model as a grant-making private foundation, actively distributing funds.
Frequently Asked Questions about The Sue & Eugene Mercy Jr Foundation
Is The Sue & Eugene Mercy Jr Foundation a legitimate charity?
The Sue & Eugene Mercy Jr Foundation (EIN: 136217050) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does The Sue & Eugene Mercy Jr Foundation spend its money?
The Sue & Eugene Mercy Jr Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Sue & Eugene Mercy Jr Foundation tax-deductible?
The Sue & Eugene Mercy Jr Foundation is registered as a tax-exempt nonprofit (EIN: 136217050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Sue & Eugene Mercy Jr Foundation located?
The Sue & Eugene Mercy Jr Foundation is headquartered in Charlottesville, Virginia and files with the IRS under EIN 136217050.
How many years of IRS 990 filings does The Sue & Eugene Mercy Jr Foundation have?
The Sue & Eugene Mercy Jr Foundation has 10 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 $1.2M in total revenue.
Is The Sue & Eugene Mercy Jr Foundation a good charity?
Based on the available data, the foundation appears to be a well-managed private foundation. It consistently files its 990s, has minimal liabilities, and reports no officer compensation. Its primary function seems to be distributing funds from its endowment, which is typical for a private foundation.
Why do expenses often exceed revenue for this organization?
As a private foundation, it likely operates by distributing grants from its endowment. When expenses (grants paid out) exceed annual revenue (investment income, new contributions), it indicates the foundation is actively fulfilling its mission by drawing down its principal assets, as seen in the asset decline from $4.8M in 2011 to $3.2M in 2023.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent downward trend over the past decade, decreasing from $4,869,505 in 2011 to $3,287,180 in 2023. This indicates that the foundation's distributions (expenses) have generally outpaced its revenue and investment growth.
Filing History
IRS 990 filing history for The Sue & Eugene Mercy Jr Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Sue & Eugene Mercy Jr Foundation's revenue has grown by 1022.9%, moving from $15K to $171K. Total assets decreased by 32.5% over the same period, from $4.9M to $3.3M. Total functional expenses fell by 62.2%, from $600K to $227K. In its most recent filing year (2023), The Sue & Eugene Mercy Jr Foundation reported a deficit of $55K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $227K | $3.3M | $1 | — | — |
| 2022 | $540K | $343K | $3.3M | $1 | — | View 990 |
| 2021 | $417K | $428K | $3.1M | $1 | — | View 990 |
| 2020 | $92K | $435K | $3.2M | $1 | — | View 990 |
| 2019 | $416K | $535K | $3.5M | $1 | — | View 990 |
| 2015 | $309K | $589K | $3.6M | $1 | — | View 990 |
| 2014 | $333K | $567K | $3.9M | $0 | — | View 990 |
| 2013 | $302K | $629K | $4.1M | $0 | — | View 990 |
| 2012 | $196K | $608K | $4.5M | $0 | — | View 990 |
| 2011 | $15K | $600K | $4.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $227K, and assets of $3.3M (revenue -68.3% year-over-year).
- 2022: Revenue of $540K, expenses of $343K, and assets of $3.3M (revenue +29.5% year-over-year).
- 2021: Revenue of $417K, expenses of $428K, and assets of $3.1M (revenue +352.7% year-over-year).
- 2020: Revenue of $92K, expenses of $435K, and assets of $3.2M (revenue -77.8% year-over-year).
- 2019: Revenue of $416K, expenses of $535K, and assets of $3.5M (revenue +34.6% year-over-year).
- 2015: Revenue of $309K, expenses of $589K, and assets of $3.6M (revenue -7.2% year-over-year).
- 2014: Revenue of $333K, expenses of $567K, and assets of $3.9M (revenue +10.0% year-over-year).
- 2013: Revenue of $302K, expenses of $629K, and assets of $4.1M (revenue +54.2% year-over-year).
- 2012: Revenue of $196K, expenses of $608K, and assets of $4.5M (revenue +1184.0% year-over-year).
- 2011: Revenue of $15K, expenses of $600K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Sue & Eugene Mercy Jr Foundation:
Data Sources and Methodology
This transparency report for The Sue & Eugene Mercy Jr 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.