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Indiana · Nonprofit

Mercy Incorporated

Mercy Incorporated (Indiana) receives grants from 7 organizations whose IRS filings report $4,076,444 to it, the largest being The Wing Shadow Foundation ($3,221,997). 4 of them have funded it in more than one year.

Revenue FY2025
$3.2M
Funders on record
7
Grants received
$4.1M
Net assets
$746k
4/7 repeat fundersgrants exceed reported revenue in one year
01What it does

What Mercy Incorporated does

Mission

Mercy exists to support vulnerable individuals and communities by providing practical assistance, development programs, and strategic partnerships that promote long-term stability and well-being.

As stated on its FY2025 Form 990.

Programs

  1. Mercy supports programs in Southeast Asia focused on the care and development of vulnerable children and families. Activities include providing safe housing, access to education, and meeting basic needs, such as clean water, through well projects. Mercy partners with local organizations to promote long-term stability, personal development, and self-sufficiency within communities.

    $2,083,352 spentof which $2,083,352 as grants
    84% of program spending
  2. Africa - Mercy partners with organizations in Africa to support community development, leadership training, and education initiatives. Programs include agricultural training and support for childrens education. Mercy also supports literacy initiatives that equip individuals with foundational reading and writing skills, enabling improved livelihoods and community leadership.

    $112,118 spentof which $112,118 as grants
    4% of program spending
  3. Crisis Relief - Mercy provides financial and material assistance in response to humanitarian crises, including natural disasters and situations of extreme poverty. Support may include food distribution, temporary shelter, medical assistance, and other emergency humanitarian needs. These efforts are carried out in partnership with a trusted local organization to ensure a timely and effective response.

    $107,711 spentof which $107,711 as grants
    4% of program spending
  4. Mercy supports additional projects that are aligned with its mission to serve vulnerable populations and strengthen communities.

    $189,722 spentof which $189,722 as grants
    8% of program spending

The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $2,492,903.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.9M) Expenses 100 ($1.9M) Net assets 100 ($1.3M)2018 Revenue 131 ($2.5M) Expenses 132 ($2.5M) Net assets 101 ($1.3M)2019 Revenue 118 ($2.2M) Expenses 110 ($2.1M) Net assets 105 ($1.4M)2022 Revenue 71 ($1.3M) Expenses 64 ($1.2M) Net assets 53 ($689k)2023 Revenue 75 ($1.4M) Expenses 95 ($1.8M) Net assets 52 ($677k)2024 Revenue 147 ($2.8M) Expenses 140 ($2.7M) Net assets 59 ($772k)2025 Revenue 168 ($3.2M) Expenses 167 ($3.2M) Net assets 57 ($746k)
2017201820192022202320242025
Revenue (168)Expenses (167)Net assets (57)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $1.5M to $1.8M (+17%).

$1.5M
$1.8M
$1.6M
$705k
$689k
$800k
$761k
2017201820192022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

97% of Mercy Incorporated’s revenue is contributions — more donation-reliant than the typical peer (97% for the typical peer).

This organization
Typical peer · 1,679 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 7 reported years ran a deficit.

−$22k
’17
−$56k
’18
$133k
’19
$107k
’22
−$401k
’23
$95k
’24
−$26k
’25
0.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Gary Cochran

Board Chair

As listed on its FY2025 Form 990.

2017201820192022202320242025
Listed1013111291210
Joined·+5+0·+2+4+2
No longer listed·22·514
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $100k → $1.6M.

4 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 20% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Mercy Incorporated’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Mercy Incorporated leans on a few funders — its largest provides 79% of grant income and the top three 98%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

79%
largest funder
98%
top three
~2
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2021 100% · 2022 52% · 2023 94% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

Mercy Incorporated draws 100% of its grant income from funders outside Indiana, across 3 states in all.

MN
MI
NY

In-state vs out-of-state, by year

’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. $814k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Mercy Incorporated's funding base is broadening — from 1 funders to 3 as grant income climbed.

Operating margin−1% · below the median
Months of reserve0.2mo · bottom quartile
Revenue growth (annualized)7% · below the median

this organization peer median middle 50% of peers· 718 international nonprofits $1M–$10M, FY2025

Organizations like Mercy Incorporated

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

88% of spending goes to programs.

Program 88%Management 7%Fundraising 5%

Governance

9
board members
89%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Public support

98%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 3 states

OR
IN
CA

Screen this organization

A dated, signed PDF of the compliance screen for Mercy Incorporated: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Mercy Incorporated?
Mercy Incorporated (Indiana) receives grants from 7 organizations whose IRS filings report $4,076,444 to it, the largest being The Wing Shadow Foundation ($3,221,997). 4 of them have funded it in more than one year.
How many funders does Mercy Incorporated have?
IRS filings report 7 organizations giving $4,076,444 in grants to Mercy Incorporated, 4 of which have funded it in more than one year.
Who is the largest funder of Mercy Incorporated?
The Wing Shadow Foundation is the largest funder on record, with $3,221,997 in grants. The full list of funders is on this page.
How can an organization like Mercy Incorporated find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing