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Charity Math
The 990 read · EIN 26-2414132 · TX · Fiscal year 2025

Mercy Ships International

Mercy Ships International: CEO salary, finances and where donations go

In its own words

“Operates hospital ships staffed by volunteer medical and non-medical crew to bring free surgeries and medical training to developing countries.”

Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.

Methodology by Amir Arani, CPA, CA · Updated

Top pay
$350K Don Stephens, 0.2% of spending
Revenue
$250.4M 99.1% from donations and grants
Spent
$191.4M 78.2% on programs, as reported
Net assets
$430.0M end of 2025
Savings
27.0 months of spending, net assets ÷ spending
People
605 employees, 2,175 volunteers
Form 990 (2025), Parts I, VII, IX, X
01 · Red flags

No red flags in its latest filing.

We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.

No reported asset diversions, no insider transactions, no fundraisers keeping most of the money, and the governance policies we check for are in place.

02 · Where $1 goes · 2025

Of each dollar it spent, 78.2¢ went to programs, as reported.

The split the charity filed.
78.2¢
Programs, $149.6M
13.6¢
Fundraising, $26.0M
8.2¢
Admin, $15.8M
Form 990 (2025), Part IX, line 25
Cost to raise $1
10¢
as reported

For each dollar donated, Mercy Ships International spent 10¢ on fundraising.

Fundraising ÷ $248.2M contributions · Form 990 Parts VIII, IX
03 · The savings

Net assets: $19.5M to $430.0M in 11 years.

Net assets at each fiscal year end, 2013 to 2025.

Net assets at year end, $ millions
20
32
48
66
75
116
131
163
232
232
240
430
Form 990 history via ProPublicaForm 990 (2025)
04 · Who gets paid

The 8 highest-paid people.

Reportable pay in 2025, from the charity and related organizations.

Don Stephens
Founder
$350,000
Nicolas Adame
Cfio
$305,305
David Schwab
Secretary & General Counsel
$300,000
Robert Corley
COO
$271,939
Hendrik Storm
VP of International Programs
$243,552
Kerry Peterson
Sr VP of Usno/Asst. Secretary
$226,783
Gert Van De Weerdhof
CEO End:03/25
$218,625
Bryce Wagner
Executive Dir of Global Corp Ptshps
$206,232
Form 990 (2025), Part VII, Section A
Largest outside contractors
ContractorServicePaid
Full HeartsMail solicitations$25,028,474
U S Postal ServiceMail provider$3,452,812
Navantia Sa SmeShipping agent$2,434,929
Africa Global Logistics MadagascarShipping agent$2,149,863
Northern Marine Manning ServicesContracted mariners$1,734,452
Form 990 (2025), Part VII, Section B
05 · Questions

The questions people ask about the Mercy Ships International.

Short, sourced answers. Each one stands on its own.

How much does the Mercy Ships International CEO make?

Don Stephens, Founder, received $350,000 in reportable compensation in 2025, 0.2% of Mercy Ships International's $191.4M in spending.

Form 990 (2025), Part VII

What percentage of Mercy Ships International donations go to programs?

Mercy Ships International reported 78.2% of 2025 spending as programs, 13.6% as fundraising and 8.2% as management.

Form 990 (2025), Part IX

How much money does Mercy Ships International have?

Net assets were $430.0M at the end of 2025, about 27.0 months of spending.

Form 990 (2025), Part X

Does Mercy Ships International have any red flags in its filing?

Its latest Form 990 triggered none of our twelve screening rules, which cover reported asset diversions, insider transactions, fundraiser costs, governance policies and spending patterns.

Form 990 (2025)
06 · Sources and citing

Every number, traced.

  1. Mercy Ships International Form 990, 2025 (IRS e-file)
  2. Mercy Ships International Form 990 history (ProPublica Nonprofit Explorer)
Cite this page

Amir Arani, “Mercy Ships International: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/mercy-ships-international/