Mercy Bond Properties Colorado I

Analysis

Mercy Bond Properties Colorado I is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mercy Bond Properties Colorado I reported income of $590k and spending of $618k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $584k to $590k (+1.1%), an average of +0.3% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Bond Properties Colorado I sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Housing Helpers Inc ($590k), Su Casa Community Housing Association ($591k) and I58 Inc ($590k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $2.4m against liabilities of $2.2m, net assets of $225k.