Taos Health Systems Inc Holy Cross Hospital

Analysis

Taos Health Systems Inc Holy Cross Hospital is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in July 1981, 45 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 May 2023, Taos Health Systems Inc Holy Cross Hospital reported income of $88.1m and spending of $87.5m, spending 99% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $69.7m to $88.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to May 2021, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Taos Health Systems Inc Holy Cross Hospital sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NM. Charities of a similar size with the same main cause include Vernon Memorial Healthcare Inc ($87.8m), Heart of Texas Community Health Center Inc ($88.2m) and Texas Health Harris Methodist Hospital Cleburne ($87.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 7.4% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $710k (0.8% of expenses). Other salaries and wages came to $31.0m. At year end it held assets of $39.9m against liabilities of $11.8m, net assets of $28.1m. It reported 525 employees.