Norton - Kings Daughters Health Inc

Analysis

Norton - Kings Daughters Health Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 1941, 85 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Norton - Kings Daughters Health Inc reported income of $144.1m and spending of $164.0m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $129.0m to $144.1m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Norton - Kings Daughters Health Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within KY. Charities of a similar size with the same main cause include Prairie Lakes Health Care System Inc ($143.8m), Chase Brexton Health Services Inc ($144.4m) and WRMC Hospital Operating Corporation ($143.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.2m (0.7% of expenses). Other salaries and wages came to $60.5m. At year end it held assets of $331.7m against liabilities of $379.9m, net assets of -$48.2m. It reported 1,046 employees.