Medical Center of the Rockies

Analysis

Medical Center of the Rockies is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Medical Center of the Rockies reported income of $604.1m and spending of $578.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $610.6m to $604.1m (-1.1%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Center of the Rockies sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CO. Charities of a similar size with the same main cause include Penn State Health ($601.2m), Indiana University Health Ball Memorial Hospital Inc ($604.6m) and Mercy Medical Center Inc ($599.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.8m (0.3% of expenses). Other salaries and wages came to $161.0m. At year end it held assets of $629.1m against liabilities of $266.1m, net assets of $363.0m. It reported 3,384 employees.