Banner Medical Group Colorado

Analysis

Banner Medical Group Colorado is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2012, 14 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, Banner Medical Group Colorado reported income of $120.5m and spending of $185.3m, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $119.1m to $120.5m (+1.2%), an average of +0.3% a year. Over the whole period it spent 157% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Banner Medical Group Colorado sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Porter Hospital Inc HCSR ($120.3m), Welvista ($120.8m) and Whitehead Institute for Biomedical Research ($120.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $118.0m. At year end it held assets of $24.5m against liabilities of $24.4m, net assets of $160k. It reported 1,170 employees.

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.