Uchealth Greeley Hospital

Analysis

Uchealth Greeley Hospital is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in May 2019, 7 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, Uchealth Greeley Hospital reported income of $194.3m and spending of $208.8m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $142k to $194.3m (+137032%), an average of +508% a year. The sharpest change came in the year to June 2020, when income rose by 74952%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Uchealth Greeley Hospital sits at the 97th percentile: it is larger than about 97% 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 Alverno Provena Hospital Laboratories Inc ($194.1m), NHNFP Healthcare Inc ($194.5m) and Cuyuna Regional Medical Center ($193.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $931k (0.4% of expenses). Other salaries and wages came to $59.2m. At year end it held assets of $217.4m against liabilities of $313.0m, net assets of -$95.6m. It reported 1,658 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.