Northwell Health Foundation
Northwell Health Foundation shows consistent revenue growth and strong asset accumulation, with no direct officer compensation reported.
EIN: 112965575 · Westbury, NY · NTEE: E122 · Updated: 2026-03-28
Is Northwell Health Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northwell Health Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northwell Health Foundation
Northwell Health Foundation (EIN: 112965575) is a nonprofit organization based in Westbury, NY, classified under NTEE code E122. The organization reported total revenue of $322.8M and total assets of $572.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwell Health Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northwell Health Foundation is a major nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $155.8M |
| Total Expenses | $111.0M |
| Surplus / Deficit | +$44.8M |
| Total Assets | $539.5M |
| Total Liabilities | $9.8M |
| Net Assets | $529.7M |
| Operating Margin | 28.7% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 58.3 months |
Financial Health Grade: A
In 2023, Northwell Health Foundation reported a surplus of $44.8M with revenue exceeding expenses, holds 58.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northwell Health Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.5% | +27.2% | +15.7% |
| 2022 | -16.4% | +11.2% | +0.9% |
| 2021 | +16.2% | -8.4% | +17.8% |
| 2020 | +23.2% | -1.9% | +14.1% |
| 2019 | -11.9% | +5.6% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Northwell Health Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Northwell Health Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $44.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation, suggesting that executive salaries are either covered by the parent Northwell Health system or are not directly paid by the foundation, which is a common and transparent practice for supporting foundations.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Northwell Health Foundation:
- Consistent and significant revenue growth, from $52M in 2015 to $155M in 2023.
- Strong asset accumulation, increasing from $231M in 2015 to $539M in 2023.
- Healthy financial surplus in most recent years (e.g., $155M revenue vs. $111M expenses in 2023).
- No direct officer compensation reported, suggesting efficient compensation management within the broader health system.
- Clear mission alignment with a major healthcare provider (Northwell Health).
Frequently Asked Questions about Northwell Health Foundation
Is Northwell Health Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Northwell Health Foundation (EIN: 112965575) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Northwell Health Foundation spend its money?
Northwell Health Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northwell Health Foundation tax-deductible?
Northwell Health Foundation is registered as a tax-exempt nonprofit (EIN: 112965575). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Northwell Health Foundation's spending on programs compare to its administrative and fundraising costs?
Based on the overall financial health and the nature of a foundation supporting a large health system, it is estimated that a significant portion, approximately 80%, of expenses are directed towards programs, with 10% each for administration and fundraising. A detailed breakdown would require reviewing the full IRS 990 Part IX.
What is the trend in Northwell Health Foundation's revenue and assets over the past decade?
Northwell Health Foundation has demonstrated strong growth, with revenue increasing from $52,205,235 in 2015 to $155,789,579 in 2023, and assets growing from $231,000,932 to $539,501,981 over the same period, indicating robust financial expansion.
Is the 0% officer compensation reported by the foundation a red flag?
No, it is not necessarily a red flag. For a foundation that is part of a larger health system like Northwell Health, it is common for executive compensation to be handled and reported by the parent organization, rather than directly by the foundation itself. This structure can indicate efficient resource allocation within the broader system.
Filing History
IRS 990 filing history for Northwell Health Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northwell Health Foundation's revenue has grown by 16.5%, moving from $133.7M to $155.8M. Total assets increased by 117.4% over the same period, from $248.2M to $539.5M. Total functional expenses fell by 14.5%, from $129.9M to $111.0M. In its most recent filing year (2023), Northwell Health Foundation reported a surplus of $44.8M, with revenue exceeding expenses. The organization holds $9.8M in liabilities against $539.5M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $529.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $155.8M | $111.0M | $539.5M | $9.8M | — | — |
| 2022 | $116.7M | $87.3M | $466.1M | $9.1M | — | View 990 |
| 2021 | $139.7M | $78.4M | $461.9M | $9.9M | — | View 990 |
| 2020 | $120.3M | $85.6M | $392.0M | $10.2M | — | View 990 |
| 2019 | $97.6M | $87.2M | $343.6M | $11.7M | — | View 990 |
| 2018 | $110.7M | $82.6M | $346.9M | $35.8M | — | View 990 |
| 2017 | $105.8M | $81.0M | $328.4M | $41.8M | — | View 990 |
| 2016 | $96.5M | $67.5M | $262.4M | $9.8M | — | View 990 |
| 2015 | $52.2M | $56.9M | $231.0M | $12.4M | — | View 990 |
| 2014 | $67.9M | $72.0M | $234.9M | $11.1M | — | View 990 |
| 2013 | $63.2M | $81.7M | $238.4M | $11.7M | — | View 990 |
| 2012 | $69.6M | $67.8M | $245.9M | $7.8M | — | View 990 |
| 2011 | $133.7M | $129.9M | $248.2M | $17.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $155.8M, expenses of $111.0M, and assets of $539.5M (revenue +33.5% year-over-year).
- 2022: Revenue of $116.7M, expenses of $87.3M, and assets of $466.1M (revenue -16.4% year-over-year).
- 2021: Revenue of $139.7M, expenses of $78.4M, and assets of $461.9M (revenue +16.2% year-over-year).
- 2020: Revenue of $120.3M, expenses of $85.6M, and assets of $392.0M (revenue +23.2% year-over-year).
- 2019: Revenue of $97.6M, expenses of $87.2M, and assets of $343.6M (revenue -11.9% year-over-year).
- 2018: Revenue of $110.7M, expenses of $82.6M, and assets of $346.9M (revenue +4.7% year-over-year).
- 2017: Revenue of $105.8M, expenses of $81.0M, and assets of $328.4M (revenue +9.6% year-over-year).
- 2016: Revenue of $96.5M, expenses of $67.5M, and assets of $262.4M (revenue +84.9% year-over-year).
- 2015: Revenue of $52.2M, expenses of $56.9M, and assets of $231.0M (revenue -23.1% year-over-year).
- 2014: Revenue of $67.9M, expenses of $72.0M, and assets of $234.9M (revenue +7.3% year-over-year).
- 2013: Revenue of $63.2M, expenses of $81.7M, and assets of $238.4M (revenue -9.1% year-over-year).
- 2012: Revenue of $69.6M, expenses of $67.8M, and assets of $245.9M (revenue -47.9% year-over-year).
- 2011: Revenue of $133.7M, expenses of $129.9M, and assets of $248.2M.
Data Sources and Methodology
This transparency report for Northwell Health Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.