Norton Healthcare Inc

Analysis

Norton Healthcare 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 Healthcare Inc reported income of $607.1m and spending of $580.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $427.6m to $607.1m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 25%. 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 Healthcare Inc sits at the 99th percentile: it is larger than about 99% of them. 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 Sharp Chula Vista Medical Center ($606.7m), Genesis Healthcare System ($610.5m) and Central Peninsula General Hospital Inc ($606.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $21.0m (3.6% of expenses). Other salaries and wages came to $202.7m. At year end it held assets of $2.40bn against liabilities of $2.20bn, net assets of $207.6m. It reported 5,806 employees.