The Nemours Foundation

Analysis

The Nemours Foundation is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in February 1981, 45 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, The Nemours Foundation reported income of $2.09bn and spending of $1.83bn, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.53bn to $2.09bn (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Nemours Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include The Nebraska Medical Center ($2.08bn), University of Vermont Medical Center Inc ($2.10bn) and Wakemed ($2.07bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $21.8m (1.2% of expenses). Other salaries and wages came to $908.3m. It paid $1.2m in professional fundraising fees. At year end it held assets of $3.06bn against liabilities of $767.9m, net assets of $2.29bn. It reported 10,441 employees.