Norton Sound Health Corporation

Analysis

Norton Sound Health Corporation is a registered charity in United States, based in Nome, AK. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover health care, 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 September 2023, Norton Sound Health Corporation reported income of $246.3m and spending of $201.4m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $177.4m to $246.3m (+39%), an average of +8.6% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Norton Sound Health Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AK. Charities of a similar size with the same main cause include St Lukes West Ltd ($246.1m), Research Foundation for Mental Hygiene Inc ($246.7m) and Holyoke Medical Center Inc ($245.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $4.8m (2.4% of expenses). Other salaries and wages came to $100.5m. At year end it held assets of $514.9m against liabilities of $61.8m, net assets of $453.1m. It reported 992 employees.