Norton Hospitals Inc

Analysis

Norton Hospitals Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1970, 56 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 Hospitals Inc reported income of $3.00bn and spending of $2.61bn, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.06bn to $3.00bn (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Norton Hospitals Inc 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 KY. Charities of a similar size with the same main cause include North Carolina Baptist Hospital ($2.97bn), Swedish Health Services ($3.01bn) and Honorhealth ($2.94bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $4.1m (0.2% of expenses). Other salaries and wages came to $809.8m. At year end it held assets of $3.98bn against liabilities of $136.1m, net assets of $3.84bn. It reported 12,838 employees.