Norn Group

Analysis

Norn Group is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Norn Group reported income of $2.5m and spending of $1.6m, leaving 35% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $28.5m to $2.5m (-91%), an average of -91% a year. The sharpest change came in the year to June 2023, when income dropped by 91%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Norn Group sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Small Hands Big Hearts Pediatric Therapy Management LLC ($2.5m), Quality South Inc ($2.5m) and Delaware Breast Cancer Coalition ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $6,760 (0.4% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.