Catholic Health Initiatives Colorado

Analysis

Catholic Health Initiatives Colorado is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in March 1946, 80 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, Catholic Health Initiatives Colorado reported income of $2.63bn and spending of $2.45bn, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.19bn to $2.63bn (+20%), an average of +4.7% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catholic Health Initiatives Colorado sits at the 100th 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 Trinity Health Corporation ($2.63bn), Miltons S Hershey Medical Center ($2.65bn) and Hartford Hospital ($2.58bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Other salaries and wages came to $779.0m. At year end it held assets of $5.76bn against liabilities of $2.76bn, net assets of $3.00bn. It reported 15,607 employees.