Nordx

Analysis

Nordx is a registered charity in United States, based in Scarborough, ME. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Nordx reported income of $107.3m and spending of $98.8m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $80.0m to $107.3m (+34%), an average of +7.6% a year. The sharpest change came in the year to September 2021, when income rose by 62%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nordx 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 99th percentile within ME. Charities of a similar size with the same main cause include Mercy Life Center Corporation ($107.2m), Takoma Regional Hospital Inc ($107.3m) and Ampla Health ($107.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.1m (1.1% of expenses). Other salaries and wages came to $35.0m. At year end it held assets of $134.6m against liabilities of $13.3m, net assets of $121.3m.