Fort Morgan Community Hospital Assn

Analysis

Fort Morgan Community Hospital Assn is a registered charity in United States, based in Fort Morgan, CO. It received its IRS tax-exemption ruling in June 1956, 70 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, Fort Morgan Community Hospital Assn reported income of $996k and spending of $549k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $996k (+271%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fort Morgan Community Hospital Assn sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Coachella Valley Volunteers in Medicine ($995k), Modesto Pregnancy Center ($996k) and Nicos Chinese Health Coalition ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Other salaries and wages came to $48k. At year end it held assets of $12.1m against liabilities of $5.5m, net assets of $6.6m. It reported 1 employees.