Northwestern Medical Center Inc

Analysis

Northwestern Medical Center Inc is a registered charity in United States, based in St Albans, VT. It received its IRS tax-exemption ruling in June 1978, 48 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 September 2023, Northwestern Medical Center Inc reported income of $127.7m and spending of $131.4m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $116.2m to $127.7m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to September 2021, when income rose by 18%. 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, Northwestern Medical Center Inc 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 100th percentile within VT. Charities of a similar size with the same main cause include Lakeview Center Inc ($127.7m), Rockford Health Physicians ($127.9m) and Texas Medical Center ($127.7m).

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 $1.4m (1.1% of expenses). Other salaries and wages came to $51.6m. At year end it held assets of $168.1m against liabilities of $46.3m, net assets of $121.8m. It reported 982 employees.