North Olympic Healthcare Network

Analysis

North Olympic Healthcare Network is a registered charity in United States, based in Port Angeles, WA. It received its IRS tax-exemption ruling in July 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, North Olympic Healthcare Network reported income of $21.0m and spending of $21.6m, spending 103% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $15.7m to $21.0m (+33%), an average of +7.4% a year. The sharpest change came in the year to May 2021, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Olympic Healthcare Network sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Stowers Resource Management Inc ($21.0m), Episcopal Church Home ($21.0m) and First Choice Health Centers Inc ($21.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.1m (5.0% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $21.4m against liabilities of $8.2m, net assets of $13.2m. It reported 198 employees.