Southwest Health System Inc

Analysis

Southwest Health System Inc is a registered charity in United States, based in Cortez, CO. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwest Health System Inc reported income of $79.6m and spending of $78.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62.5m to $79.6m (+27%), an average of +6.2% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southwest Health System 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 100th percentile within CO. Charities of a similar size with the same main cause include Menorah Home & Hospital for the Aged & Infirm ($79.5m), Chvi Professional Corporation ($79.7m) and Lifecenter Northwest ($79.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $993k (1.3% of expenses). Other salaries and wages came to $36.7m. At year end it held assets of $59.8m against liabilities of $41.4m, net assets of $18.4m. It reported 574 employees.