Northbay Healthcare Corporation

Analysis

Northbay Healthcare Corporation is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in February 1987, 39 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, Northbay Healthcare Corporation reported income of $98.7m and spending of $99.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $76.4m to $98.7m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northbay 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 99th percentile within CA. Charities of a similar size with the same main cause include Longmont United Hospital ($98.6m), Institute for Cancer Research ($98.8m) and Beacon Medical Group Michigan Inc ($98.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $7.7m (7.8% of expenses). Other salaries and wages came to $22.8m. At year end it held assets of $67.2m against liabilities of $98.8m, net assets of -$31.6m. It reported 3,059 employees.