Northwell Health Foundation

Analysis

Northwell Health Foundation is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in April 1994, 32 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 December 2023, Northwell Health Foundation reported income of $155.8m and spending of $111.0m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $97.6m to $155.8m (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northwell Health Foundation 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 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Childrens National ($155.7m), Cambridge Health Alliance Physicians Organization Inc ($155.8m) and Siu Physicians & Surgeons Inc ($155.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $1.0m (0.9% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $539.5m against liabilities of $9.8m, net assets of $529.7m. It reported 105 employees.