Rocky Mountain Adventist Healthcare Foundation

Analysis

Rocky Mountain Adventist Healthcare Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 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 December 2023, Rocky Mountain Adventist Healthcare Foundation reported income of $7.7m and spending of $7.3m, spending 95% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $9.4m to $7.7m (-18%), an average of -3.8% a year. The sharpest change came in the year to June 2022, when income rose by 131%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rocky Mountain Adventist Healthcare Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Ballad Health Foundation ($7.7m), University of Maryland St Joseph Foundation Inc ($7.7m) and Durham Asset Management Company Incorporated ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 89% of the total. It paid $66k in professional fundraising fees. At year end it held assets of $35.9m against liabilities of $8.4m, net assets of $27.6m.