Northridge Hospital Foundation

Analysis

Northridge Hospital Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northridge Hospital Foundation reported income of $6.3m and spending of $4.2m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $6.3m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northridge Hospital Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Verner ($6.3m), Community in Action ($6.3m) and Kickstart-International Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $35.1m against liabilities of $25k, net assets of $35.0m.