Newton Healthcare Corporation

Analysis

Newton Healthcare Corporation is a registered charity in United States, based in Newton, KS. It received its IRS tax-exemption ruling in September 1988, 38 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 June 2023, Newton Healthcare Corporation reported income of $99.9m and spending of $101.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $89.8m to $99.9m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Newton Healthcare Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within KS. Charities of a similar size with the same main cause include Deaconess Health System Inc ($99.9m), Sams Foundation ($99.9m) and Harbor Health Services Inc ($99.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.7m (1.6% of expenses). Other salaries and wages came to $44.7m. At year end it held assets of $108.5m against liabilities of $22.5m, net assets of $86.0m. It reported 1,145 employees.