Norton Properties Inc

Analysis

Norton Properties Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Norton Properties Inc reported income of $66.0m and spending of $78.0m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $46.8m to $66.0m (+41%), an average of +9.0% a year. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Norton Properties Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Wisconsin Illinois Senior Housing Inc ($65.9m), Community Memorial Hospital Association ($66.0m) and Methodist Hospital Plainview Texas ($65.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $399.9m against liabilities of $480.1m, net assets of -$80.3m. It reported 100 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.