Colorado Health Benefit Exchange

Analysis

Colorado Health Benefit Exchange is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Colorado Health Benefit Exchange reported income of $52.4m and spending of $50.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.7m to $52.4m (+12%), an average of +2.9% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Colorado Health Benefit Exchange sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Gateway Rehabilitation Center ($52.4m), New England Deaconess Association ($52.4m) and The Providence Center Inc ($52.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $863k (1.7% of expenses). Other salaries and wages came to $13.8m. At year end it held assets of $48.8m against liabilities of $10.0m, net assets of $38.7m. It reported 209 employees.