Poudre Valley Medical Group LLC

Analysis

Poudre Valley Medical Group LLC is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in June 2017, 9 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, Poudre Valley Medical Group LLC reported income of $987.6m and spending of $987.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $481.9m to $987.6m (+105%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Poudre Valley Medical Group LLC sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Aultman Health Foundation Group Return ($982.2m), United Health Services Hospitals Inc ($993.8m) and Santa Barbara Cottage Hospital ($980.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $3.6m (0.4% of expenses). Other salaries and wages came to $624.8m. At year end it held assets of $175.2m against liabilities of $828.6m, net assets of -$653.4m. It reported 4,785 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.