Northwell Health Laboratories

Analysis

Northwell Health Laboratories is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northwell Health Laboratories reported income of $743.5m and spending of $692.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $467.3m to $743.5m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 93% 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 Laboratories sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Orlando Health Medical Group Inc ($742.8m), Nebraska Methodist Hospital ($743.7m) and Healthwell Foundation ($742.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $174.5m. At year end it held assets of $178.4m against liabilities of $127.6m, net assets of $50.8m. It reported 1,909 employees.