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Illinois · Nonprofit

MERCYHEALTH DEVELOPMENT FOUNDATION INC

MERCYHEALTH DEVELOPMENT FOUNDATION INC (Illinois) receives grants from 17 organizations whose IRS filings report $3,538,568 to it, the largest being FLORENCE C GREGORY CHARITABLE TR(T) ($1,044,338). 13 of them have funded it in more than one year.

$8.7M
Revenue FY2025
17
Funders on record
$3.5M
Grants received
$55M
Net assets
13/17 repeat funderspeak grant-dependency 34%

Against its field

MERCYHEALTH DEVELOPMENT FOUNDATION INC has grown faster than three-quarters of the 1,336 philanthropy nonprofits its size.

Operating margin30% · above the median
Months of reserve10.4mo · above the median
Revenue growth (annualized)46% · top quartile

this organization peer median middle 50% of peers· 1,336 philanthropy nonprofits $1M–$10M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 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 = 20212021 Revenue 100 ($1.9M) Expenses 100 ($766k) Net assets 100 ($45M)2022 Revenue 111 ($2.1M) Expenses 154 ($1.2M) Net assets 86 ($39M)2023 Revenue 114 ($2.2M) Expenses 178 ($1.4M) Net assets 95 ($43M)2024 Revenue 469 ($8.9M) Expenses 272 ($2.1M) Net assets 106 ($48M)2025 Revenue 457 ($8.7M) Expenses 791 ($6.1M) Net assets 122 ($55M)
20212022202320242025
Revenue (457)Expenses (791)Net assets (122)Peer revenue range

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.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 0% · 2023 2%. Grants only. Government contracts and fees sit inside program revenue.

79% of MERCYHEALTH DEVELOPMENT FOUNDATION INC’s revenue is contributions — about as donation-reliant as the typical peer (82% for the typical peer).

This organization
Typical peer · 3,048 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.

$1.1M
21
$931k
22
$809k
23
$6.8M
24
$2.6M
25
10
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 3 funders to 10 funders, grant income rose $114k → $347k.

2 of 17 of your funders are donor-advised or pass-through sponsors (tagged DAF)7% 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: $230k from one payer (the payer shares this organization's board, largest Javon Bea Hospital). These are real filings, and they are not money MERCYHEALTH DEVELOPMENT FOUNDATION INC raised.

From the IRS filings of MERCYHEALTH DEVELOPMENT FOUNDATION INC’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

MERCYHEALTH DEVELOPMENT FOUNDATION INC has a broad base — no single funder exceeds 30% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

34% 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 MERCYHEALTH DEVELOPMENT FOUNDATION INC.

30%
largest funder
64%
top three
~6
effective funders

Largest funder’s share by year: 2017 72% · 2018 43% · 2019 43% · 2020 34% · 2021 31% · 2022 32% · 2023 35%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.

How long its funders stay

57% of MERCYHEALTH DEVELOPMENT FOUNDATION INC's funders are still giving 3 years after their first grant; 76% give in more than one year at all.

first grant+1y+2y+3y+4y+5y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

73% of MERCYHEALTH DEVELOPMENT FOUNDATION INC's grant income comes from Illinois funders.

MN
IL
WI
NY

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

17
18
19
20
21
22
23
Illinois out of state home

Funder states come from each funder’s own filing. $260k arriving through sponsors registered in 2 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.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 17 funders put you under-funded among the 282 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like MERCYHEALTH DEVELOPMENT FOUNDATION INC

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

In Illinois

Nationally

04Profile & governance

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

Where the money goes

98% of spending goes to programs.

Program 98%Management 1%Fundraising 0%

Governance

10
board members
80%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Footprint & structure

Files a return copy in 2 states

IL
WI

Part of a family of 13 related entities

  • Mercy Health Corporation · exempt
  • Rockford Health Physicians · exempt
  • Javon Bea Hospital · exempt
  • Mercyhealth Visiting Nurses Association Inc · exempt
  • Mercy Health System Association of Volunteers · exempt

Screen this organization

A dated, signed PDF of the compliance screen for MERCYHEALTH DEVELOPMENT FOUNDATION INC: 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. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds MERCYHEALTH DEVELOPMENT FOUNDATION INC?
MERCYHEALTH DEVELOPMENT FOUNDATION INC (Illinois) receives grants from 17 organizations whose IRS filings report $3,538,568 to it, the largest being FLORENCE C GREGORY CHARITABLE TR(T) ($1,044,338). 13 of them have funded it in more than one year.
How many funders does MERCYHEALTH DEVELOPMENT FOUNDATION INC have?
IRS filings report 17 organizations giving $3,538,568 in grants to MERCYHEALTH DEVELOPMENT FOUNDATION INC, 13 of which have funded it in more than one year.
Who is the largest funder of MERCYHEALTH DEVELOPMENT FOUNDATION INC?
FLORENCE C GREGORY CHARITABLE TR(T) is the largest funder on record, with $1,044,338 in grants. The full list of funders is on this page.
How can an organization like MERCYHEALTH DEVELOPMENT FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. 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 2021–2025), and the filings of 17funders 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 August 27, 2026. What this page cannot tell you · view filing