Salida Hospital Foundation

Analysis

Salida Hospital Foundation is a registered charity in United States, based in Salida, CO. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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, Salida Hospital Foundation reported income of $384k and spending of $256k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $384k (+110%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 1445%. Over the whole period it spent 23% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salida Hospital Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Celestial Church of Christ Inc Ileri Oluwa Parish ($384k), Fellowship House Foundation Inc ($384k) and Texas Association of Community Schools ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $10k. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.