Kit Carson Memorial Healthcare Foundation

Analysis

Kit Carson Memorial Healthcare Foundation is a registered charity in United States, based in Burlington, CO. It received its IRS tax-exemption ruling in May 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kit Carson Memorial Healthcare Foundation reported income of $76k and spending of $96k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $30k to $76k (+150%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 353%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kit Carson Memorial Healthcare Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within CO. Charities of a similar size with the same main cause include St Luke S Village Inc ($76k), Jay County 4-H Club Inc ($76k) and Little League Baseball Inc ($76k).

At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.