MERCY HEALTH SYSTEM CORPORATION
1000 MINERAL POINT AVE, JANESVILLE, WI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $769,826,493 | $719,245,884 | $603,866,490 |
| FY2024 | $723,060,516 | $669,619,770 | $553,843,007 |
| FY2023 | $685,918,513 | $626,620,672 | $500,402,261 |
| FY2022 | $657,550,084 | $611,346,497 | $439,833,492 |
| FY2021 | $709,321,599 | $627,096,091 | $399,956,157 |
| FY2019 | $634,611,105 | $608,803,215 | $260,414,387 |
| FY2018 | $624,390,556 | $602,683,171 | $237,081,230 |
| FY2017 | $573,507,157 | $556,709,733 | $211,561,443 |
| FY2016 | $559,608,994 | $539,904,298 | $180,425,297 |
| FY2015 | $538,451,267 | $521,757,724 | $206,455,716 |
| FY2014 | $519,172,459 | $504,108,533 | $194,473,905 |
| FY2013 | $488,461,138 | $470,196,800 | $155,180,281 |
| FY2012 | $462,601,920 | $447,077,717 | $134,069,515 |
| FY2011 | $453,270,946 | $427,577,580 | $135,273,719 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $3,850,626 | 1% |
| Program service revenue | $710,259,087 | 99% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $541,107,243 | 75% |
| Management & general | $178,138,641 | 25% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2025.
- Program services accounted for 75% of functional expenses, management & general 25%, and fundraising 0%.
- 75% of functional expenses went to program services in FY2025. That is higher than 18.8% of 138 Health Care organizations in WI.
- Net assets covered about 10.1 months of expenses at the end of the reporting year. That puts it in the 44th percentile among 420 Health Care organizations in WI.
- Total revenue was higher than 98.6% of 426 Health Care organizations in WI.
- Total revenue rose from $453,270,946 in FY2011 to $769,826,493 in FY2025, Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2025.
- Net assets grew from $135,273,719 to $603,866,490 between FY2011 and FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO IMPROVE AND PROTECT THE HEALTH AND WELFARE OF THE COMMUNITY IN ACCORDANCE WITH OUR MISSION, THE MISSION OF MERCY HEALTH SYSTEM CORPORATION IS "EXCEPTIONAL HEALTH CARE SERVICES WITH A PASSION FOR MAKING LIVES BETTER.
IRS status
| Ruling year | 1972 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in WI) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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