Mercy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLORENCE, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 6 grants totaling $166K. Net investment income was $37K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-16.6% YoY
Annual Giving
$166K
-48.8% YoY
Grant Count
6
-40.0% YoY
Avg Grant Size
$28K
-14.6% YoY
Under IRS private-foundation payout rules, Mercy Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Mercy Foundation Inc
Based on IRS filings
Mercy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLORENCE, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 6 grants totaling $166K. Net investment income was $37K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,324,600 | $1,587,974 | $1,396,222 |
| Revenue | $382,723 | $662,006 | $802,792 |
| Expenses | $346,097 | $470,254 | $531,796 |
| Qualifying Distributions | $166,000 | $436,642 | $469,775 |
| Net Investment Income | $37,196 | $10,007 | $643,592 |
| Distributable Amount | $11,796 | $12,912 | $26,615 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Swasia ($53,000), Guiding Light Islamic Ctr ($50,000), Balsam Project ($28,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Balsam Project | Humantarian | $28,000 |
| Islamic School of Louisville Louisville, KY | Education | $20,000 |
| SWASIA Clifton, NJ | Humanitarian | $53,000 |
| Guiding Light Islamic Ctr Louisville, KY | Humanitarian | $50,000 |
| Give Light Louisville, KY | Humanitarian | $5,000 |
| Peace Dove Louisville, KY | Humanitarian | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kheder Kutmuh | Director | 1 | — |
| Mohamed Zineddin | Director | 1 | — |
| Rula Abdulrazzak | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mercy Foundation Inc?
Mercy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLORENCE, KY. It holds $1.3M in total assets as of 2024.
How large is Mercy Foundation Inc?
As of 2024, Mercy Foundation Inc holds $1.3M in total assets with $383K in annual revenue. It awarded 6 grants totaling $166K in 2024.
Where does Mercy Foundation Inc operate?
Mercy Foundation Inc has awarded grants in District of Columbia, Illinois, Kansas, Kentucky, Michigan, New Jersey, Texas, Virginia.
What size grants does Mercy Foundation Inc award?
In 2024, Mercy Foundation Inc awarded 6 grants totaling $166K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is Mercy Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mercy Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mercy Foundation Inc's EIN?
Mercy Foundation Inc's EIN (Employer Identification Number) is 32-0013422. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mercy Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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