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Missouri · Nonprofit

MERCY RESEARCH

MERCY RESEARCH (Missouri) receives grants from 4 organizations whose IRS filings report $109,555 to it, the largest being WASHINGTON UNIVERSITY ($53,456). 3 of them have funded it in more than one year.

Revenue FY2025
$4.7M
Funders on record
4
Grants received
$110k
Net assets
$797k
3/4 repeat funderspeak grant-dependency 1%
01What it does

What Mercy Research does

Mission

As the sisters of mercy before us, we bring to life the healing ministry of jesus through our compassionate care and exceptional service.

As stated on its FY2025 Form 990.

Program

  1. Mercy Research comprises the research activities that occur throughout mercy health. Mercy Research is organized for the promotion of medical research that improves health and prevents disease. Mercy Research is a centralized, multi-faceted research group within mercy health, comprised of clinicians, engineers, scientists and business specialists dedicated to improving patient care and the continuous advancement of medicine. Product design and development and clinical validation are at the core of Mercy Research. Mercy Research is committed to advancing the quality of health care for individuals and communities by being a leader in innovative clinical, scientific and health services research.

    $6,788,656 spent$3,651,698 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $6,788,656.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended.

100 = 20182018 Revenue 100 ($4.8M) Expenses 100 ($9.7M) Net assets 100 ($868k)2019 Revenue 107 ($5.1M) Expenses 96 ($9.3M) Net assets 119 ($1.0M)2020 Revenue 87 ($4.2M) Expenses 93 ($9.0M) Net assets 119 ($1.0M)2021 Revenue 87 ($4.2M) Expenses 89 ($8.6M) Net assets 3 ($29k)2022 Revenue 85 ($4.1M) Expenses 85 ($8.3M) Net assets 37 ($319k)2023 Revenue 73 ($3.5M) Expenses 78 ($7.6M) Net assets 50 ($431k)2024 Revenue 96 ($4.6M) Expenses 91 ($8.8M) Net assets 36 ($314k)2025 Revenue 98 ($4.7M) Expenses 91 ($8.8M) Net assets 92 ($797k)
'18'19'20'21'22'23'24'25
Revenue (98)Expenses (91)Net assets (92)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $1.9M to $880k (−53%).

$2.0M
$2.1M
$1.9M
$880k
$870k
$880k
$659k
$1.0M
'18'19'20'21'22'23'24'25
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.

2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2018 14% · 2019 10% · 2020 17% · 2021 14% · 2022 11% · 2023 3% · 2024 0% · 2025 6%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 8 of the last 8 reported years ran a deficit.

−$4.9M
’18
−$4.2M
’19
−$4.9M
’20
−$4.5M
’21
−$4.2M
’22
−$4.1M
’23
−$4.2M
’24
−$4.1M
’25
0.1
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.

Chief executive

Laws Kelle K

Executive director

Board chair

Carlson Do Jay

Clinical chair, mercy research

As listed on its FY2025 Form 990.

2018201920202021202320242025
Listed21201823202127
Joined·+3+0+5·+3+7
No longer listed·420·21
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $12k → $17k.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
total
$53k
$37k
funders
1
1
1
1
1
3
2
2

1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $1.5M from 4 payers (the payer shares this organization's board, largest Mercy Health Foundation St Louis). These are real filings, and they are not money MERCY RESEARCH raised.

From the IRS filings of MERCY RESEARCH’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 RESEARCH leans on a few funders — its largest provides 49% of grant income and the top three 100%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MERCY RESEARCH.

49%
largest funder
100%
top three
~3
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 51% · 2023 100% — broadly stable.

“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 RESEARCH draws 51% of its grant income from funders outside Missouri, across 3 states in all.

MN
MO
TX

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

’17
’18
’19
’22
’23
Missouri out of state home

Funder states come from each funder’s own filing. $269 arriving through sponsors registered in 1 state 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

Organizations like MERCY RESEARCH

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 Missouri

Nationally

05Profile & governance

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

Where the money goes

77% of spending goes to programs.

Program 77%Management 23%Fundraising 0%

Governance

16
board members
0%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 80 related entities

  • Casa de Misericordia · exempt
  • McAuley Portfolio Management Company · exempt
  • Mercy Aco Clinical Services Inc · exempt
  • Mercy Clinic East Communities · exempt
  • Mercy Clinic Fort Smith Communities · exempt

Screen this organization

A dated, signed PDF of the compliance screen for MERCY RESEARCH: 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 RESEARCH?
MERCY RESEARCH (Missouri) receives grants from 4 organizations whose IRS filings report $109,555 to it, the largest being WASHINGTON UNIVERSITY ($53,456). 3 of them have funded it in more than one year.
How many funders does MERCY RESEARCH have?
IRS filings report 4 organizations giving $109,555 in grants to MERCY RESEARCH, 3 of which have funded it in more than one year.
Who is the largest funder of MERCY RESEARCH?
WASHINGTON UNIVERSITY is the largest funder on record, with $53,456 in grants. The full list of funders is on this page.
How can an organization like MERCY RESEARCH find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Missouri. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Mercy Research →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 4 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