Mental Health America of Colorado

Analysis

Mental Health America of Colorado is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1955, 71 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mental Health America of Colorado reported income of $4.9m and spending of $2.8m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.9m (+146%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mental Health America of Colorado sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Ottawa Friendship House Work Activity Center Inc ($4.9m), Emgage Foundation Inc ($4.9m) and Kings Christian School ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $162k (5.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $9.3m against liabilities of $2.3m, net assets of $7.0m. It reported 18 employees.