MERCY MEDICAL CENTER
701 10TH ST SE, CEDAR RAPIDS, IA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $524,502,517 | $525,155,162 | $505,262,281 |
| FY2024 | $478,815,186 | $488,223,931 | $494,230,249 |
| FY2023 | $435,705,307 | $456,035,429 | $489,564,053 |
| FY2022 | $418,379,415 | $412,756,686 | $506,237,520 |
| FY2021 | $391,822,249 | $374,188,407 | $510,986,544 |
| FY2020 | $356,239,864 | $351,548,767 | $391,675,129 |
| FY2019 | $347,999,069 | $341,581,015 | $371,544,540 |
| FY2018 | $341,273,386 | $334,499,790 | $375,942,222 |
| FY2017 | $330,527,136 | $318,548,098 | $353,043,897 |
| FY2016 | $337,525,683 | $306,338,020 | $324,659,349 |
| FY2015 | $310,156,876 | $287,063,238 | $330,939,220 |
| FY2014 | $275,240,189 | $275,832,397 | $337,287,054 |
| FY2013 | $276,029,733 | $270,569,666 | $321,441,920 |
| FY2012 | $290,632,192 | $273,141,129 | $294,091,163 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $22,849,001 | 4% |
| Program service revenue | $498,214,169 | 96% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $422,925,576 | 81% |
| Management & general | $102,229,586 | 19% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 96% of total revenue in FY2025.
- Program services accounted for 81% of functional expenses, management & general 19%, and fundraising 0%.
- 81% of functional expenses went to program services in FY2025. That is higher than 27.9% of 68 Health Care organizations in IA.
- Net assets covered about 11.5 months of expenses at the end of the reporting year. That puts it in the 43rd percentile among 268 Health Care organizations in IA.
- Total revenue was higher than 98.5% of 273 Health Care organizations in IA.
- Total revenue rose from $290,632,192 in FY2012 to $524,502,517 in FY2025, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2014, FY2023, FY2024, FY2025).
- Net assets grew from $294,091,163 to $505,262,281 between FY2012 and FY2025.
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 CARE FOR THE SICK AND ENHANCE THE HEALTH OF THE COMMUNITIES WE SERVE, GUIDED BY THE SPIRIT OF THE SISTERS OF MERCY.
IRS status
| Ruling year | 1946 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in IA) |
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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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