Craig Hospital

Analysis

Craig Hospital is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in June 1959, 67 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 September 2023, Craig Hospital reported income of $159.0m and spending of $149.7m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $132.0m to $159.0m (+20%), an average of +4.8% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Craig Hospital sits at the 96th percentile: it is larger than about 96% 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 Fayette Physician Network Inc ($159.0m), Umass Memorial Health Care Inc ($159.1m) and Samaritan Pacific Health Services Inc ($158.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.8% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $2.9m (2.0% of expenses). Other salaries and wages came to $75.3m. At year end it held assets of $345.1m against liabilities of $69.4m, net assets of $275.7m. It reported 1,212 employees.