Valley-Wide Health Systems Inc

Analysis

Valley-Wide Health Systems Inc is a registered charity in United States, based in Alamosa, CO. It received its IRS tax-exemption ruling in April 1977, 49 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 June 2023, Valley-Wide Health Systems Inc reported income of $60.6m and spending of $54.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.7m to $60.6m (+45%), an average of +9.8% 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, Valley-Wide Health Systems Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Primary Health Care Inc ($60.5m), Partners Cooperative Inc ($60.6m) and Hackensack Meridian Health Inc ($60.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $506k (0.9% of expenses). Other salaries and wages came to $30.4m. At year end it held assets of $60.8m against liabilities of $12.6m, net assets of $48.2m. It reported 604 employees.