Lower Valley Hospital Association

Analysis

Lower Valley Hospital Association is a registered charity in United States, based in Fruita, CO. It received its IRS tax-exemption ruling in March 1951, 75 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 December 2023, Lower Valley Hospital Association reported income of $89.5m and spending of $81.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $64.1m to $89.5m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lower Valley Hospital Association sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CO. Charities of a similar size with the same main cause include Maine Veterans Home ($89.5m), Defiance Hospital Inc ($89.7m) and Upmc ($89.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.9m (2.3% of expenses). Other salaries and wages came to $38.7m. At year end it held assets of $72.9m against liabilities of $54.0m, net assets of $18.9m. It reported 774 employees.