Norton Healthcare Foundation Inc

Analysis

Norton Healthcare Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1977, 49 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, Norton Healthcare Foundation Inc reported income of $13.0m and spending of $13.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.7m to $13.0m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Norton Healthcare Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Sheppard Pratt Physicians P a ($13.0m), Starnet Emergency Services Inc ($13.0m) and The Addictions Care Center of Albany Inc ($13.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $94k (0.7% of expenses). Other salaries and wages came to $610k. At year end it held assets of $63.9m against liabilities of $2.4m, net assets of $61.5m. It reported 10 employees.