Norwalk Hospital Foundation Inc

Analysis

Norwalk Hospital Foundation Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in April 1986, 40 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 Foundation Inc reported income of $11.0m and spending of $23.5m, spending 214% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.5m to $11.0m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to September 2020, when income rose by 141%. Over the whole period it spent 51% 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 Foundation Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Community Health & Nursing Services ($11.0m), Comprehensive Mental Health Systems ($11.0m) and Jeffco Health Services Inc ($11.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $155.0m against liabilities of $4.7m, net assets of $150.3m.