Novus Health Inc

Analysis

Novus Health Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover medical research, 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, Novus Health Inc reported income of $14.8m and spending of $15.5m, spending 105% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.5m to $14.8m (+915%), an average of +59% a year. The sharpest change came in the year to December 2020, when income rose by 295%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Novus Health Inc sits at the 87th 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 95th percentile within MO. Charities of a similar size with the same main cause include San Fernando Community Hospital ($14.8m), Matagorda Episcopal Health Outreach Program ($14.8m) and Southlight Healthcare ($14.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $494k (3.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $18.1m against liabilities of $6.8m, net assets of $11.4m. It reported 35 employees.