Norwalk Hospital Association

Analysis

Norwalk Hospital Association is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in July 1943, 83 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Norwalk Hospital Association reported income of $419.0m and spending of $443.3m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $410.0m to $419.0m (+2.2%), an average of +0.5% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Norwalk Hospital Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CT. Charities of a similar size with the same main cause include Pasco-Pinellas Hillsborough Community Health System Inc ($418.6m), Champlain Valley Physicians Hospital Medical Center ($419.0m) and Redlands Community Hospital ($418.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $789k (0.2% of expenses). Other salaries and wages came to $140.1m. At year end it held assets of $720.3m against liabilities of $285.8m, net assets of $434.5m. It reported 1,845 employees.