Colorado West Healthcare System

Analysis

Colorado West Healthcare System is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado West Healthcare System reported income of $268.8m and spending of $262.6m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $180.5m to $268.8m (+49%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Colorado West Healthcare System 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 Hannibal Regional Healthcare System Inc ($268.7m), Lurie Childrens Medical Group Inc ($269.0m) and St Lukes Cornwall Hospital ($268.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $3.4m (1.3% of expenses). Other salaries and wages came to $92.5m. At year end it held assets of $252.5m against liabilities of $185.4m, net assets of $67.1m. It reported 1,621 employees.