Longmont United Hospital Foundation

Analysis

Longmont United Hospital Foundation is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in November 1981, 45 years ago. 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, Longmont United Hospital Foundation reported income of $442k and spending of $1.4m, spending 325% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $442k (-62%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 156%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Longmont United Hospital Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Skills USA Inc ($442k), National Church Residences ($442k) and Supportive Accountability Hub Inc ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $23k (1.6% of expenses). Other salaries and wages came to $55k. At year end it held assets of $5.2m against liabilities of $153k, net assets of $5.1m. It reported 3 employees.