Telluride Medical Center Foundation

Analysis

Telluride Medical Center Foundation is a registered charity in United States, based in Telluride, CO. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Telluride Medical Center Foundation reported income of $1.2m and spending of $336k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $482k to $1.2m (+140%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 232%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Telluride Medical Center Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Cobb Pregnancy Services Inc ($1.2m), Trinity Health Foundation of East Tennessee ($1.2m) and Howard Hanna Childrens Free Care Fund ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $138k (41% of expenses). At year end it held assets of $1.9m against liabilities of $52k, net assets of $1.8m.