Portercare Adventist Health System

Analysis

Portercare Adventist Health System is a registered charity in United States, based in Greenwood Village, CO. It received its IRS tax-exemption ruling in September 1931, 95 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, Portercare Adventist Health System reported income of $1.54bn and spending of $1.47bn, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.32bn to $1.54bn (+16%), an average of +3.8% 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, Portercare Adventist Health System 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 CHG Foundation ($1.53bn), Sharp Memorial Hospital ($1.54bn) and Staten Island University Hospital ($1.51bn).

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 $5.2m (0.4% of expenses). Other salaries and wages came to $462.6m. At year end it held assets of $1.99bn against liabilities of $499.7m, net assets of $1.49bn. It reported 6,878 employees.