Vail Clinic Inc

Analysis

Vail Clinic Inc is a registered charity in United States, based in Vail, CO. It received its IRS tax-exemption ruling in April 1967, 59 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 October 2023, Vail Clinic Inc reported income of $388.2m and spending of $405.7m, spending 105% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $279.3m to $388.2m (+39%), an average of +8.6% a year. The sharpest change came in the year to October 2021, when income rose by 29%. 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, Vail Clinic Inc sits at the 98th percentile: it is larger than about 98% 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 Southeast Hospital ($387.9m), Orlando Health Central Inc ($388.9m) and Sansum Clinic ($387.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 9.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $5.0m (1.2% of expenses). Other salaries and wages came to $132.3m. At year end it held assets of $841.4m against liabilities of $237.6m, net assets of $603.8m. It reported 1,639 employees.