The Denver Health and Hospitals Foundation

Analysis

The Denver Health and Hospitals Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1988, 38 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, The Denver Health and Hospitals Foundation reported income of $24.7m and spending of $18.4m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $24.7m (+274%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Denver Health and Hospitals Foundation 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 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Richland Medical Center Inc ($24.7m), Visiting Nurse Association of Central Jersey Inc ($24.7m) and Saint Elizabeth Home East Greenwich ($24.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. It paid $319k in professional fundraising fees. At year end it held assets of $37.1m against liabilities of $1.3m, net assets of $35.8m.