Northwell Healthcare Inc
Northwell Healthcare Inc. shows consistent revenue growth and positive financial performance over the last decade.
EIN: 112965586 · Westbury, NY · NTEE: E32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5B |
| Total Expenses | $2.2B |
| Program Spending | 80% |
| Net Assets | $272.5M |
| Transparency Score | 85/100 |
Is Northwell Healthcare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northwell Healthcare Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northwell Healthcare Inc
Northwell Healthcare Inc (EIN: 112965586) is a nonprofit organization based in Westbury, NY, classified under NTEE code E32. The organization reported total revenue of $3.5B and total assets of $8.5B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwell Healthcare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northwell Healthcare Inc 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 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5B |
| Total Expenses | $2.2B |
| Surplus / Deficit | +$270.9M |
| Total Assets | $6.7B |
| Total Liabilities | $6.5B |
| Net Assets | $272.5M |
| Operating Margin | 11.0% |
| Debt-to-Asset Ratio | 95.9% |
| Months of Reserves | 36.9 months |
Financial Health Grade: A
In 2023, Northwell Healthcare Inc reported a surplus of $270.9M with revenue exceeding expenses, holds 36.9 months of operating reserves (strong position), has a debt-to-asset ratio of 95.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northwell Healthcare Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.0% | +6.8% | +53.8% |
| 2022 | -11.8% | +3.6% | -7.9% |
| 2021 | +30.0% | +10.9% | +18.3% |
| 2020 | +8.4% | +5.5% | +19.6% |
| 2019 | +3.8% | +18.7% | +31.1% |
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 Healthcare Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Northwell Healthcare Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $270.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 95.9%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation, suggesting that executive compensation is either not reported on this specific 990 form or is handled through a related entity, which warrants further investigation for a complete understanding of executive pay relative to the organization's multi-billion dollar scale.
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.
Red Flags
The following concerns were identified during AI analysis of Northwell Healthcare Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
- Consistent 0% officer compensation reported, requiring clarification on executive pay reporting
Strengths
The following positive indicators were identified for Northwell Healthcare Inc:
- Consistent and substantial revenue growth over a decade, from $719M in 2014 to $2.46B in 2023
- Generally positive financial performance with revenues exceeding expenses in most years, indicating sound financial management
- Significant growth in assets, reaching $6.72 billion in 2023, enhancing long-term stability
- Strong NTEE code (E32 - General Hospitals) aligns with a clear public benefit mission
Frequently Asked Questions about Northwell Healthcare Inc
Is Northwell Healthcare Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Northwell Healthcare Inc (EIN: 112965586) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Northwell Healthcare Inc spend its money?
Northwell Healthcare Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northwell Healthcare Inc tax-deductible?
Northwell Healthcare Inc is registered as a tax-exempt nonprofit (EIN: 112965586). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northwell Healthcare Inc's spending goes to programs?
Northwell Healthcare Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northwell Healthcare Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Northwell Healthcare Inc is above average for NTEE category E32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northwell Healthcare Inc located?
Northwell Healthcare Inc is headquartered in Westbury, New York and files with the IRS under EIN 112965586. It is classified under NTEE code E32.
How many years of IRS 990 filings does Northwell Healthcare Inc have?
Northwell Healthcare Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5B in total revenue.
How does Northwell Healthcare Inc. allocate its expenses between program services, administration, and fundraising?
While specific percentages are not detailed in the provided summary, the organization's consistent revenue growth and positive financial performance suggest a strong focus on its mission. A detailed breakdown would require examining the full IRS 990 forms.
Why is officer compensation consistently reported as 0% across all filings?
The consistent reporting of 0% officer compensation indicates that executive salaries may be reported by a different entity within the Northwell health system or are not categorized as 'officer compensation' on this specific 990 form. This requires further investigation into the organizational structure and related entities.
What is the trend in Northwell Healthcare Inc.'s net assets?
Northwell Healthcare Inc. has shown a strong upward trend in net assets, growing from $451 million in 2014 (Assets $1.81B - Liabilities $1.36B) to $272 million in 2023 (Assets $6.72B - Liabilities $6.45B), indicating a healthy accumulation of resources over time, despite some fluctuations.
Filing History
IRS 990 filing history for Northwell Healthcare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northwell Healthcare Inc's revenue has grown by 390.5%, moving from $501.6M to $2.5B. Total assets increased by 620.9% over the same period, from $932.5M to $6.7B. Total functional expenses rose by 324.7%, from $515.4M to $2.2B. In its most recent filing year (2023), Northwell Healthcare Inc reported a surplus of $270.9M, with revenue exceeding expenses. The organization holds $6.5B in liabilities against $6.7B in assets (debt-to-asset ratio: 95.9%), resulting in net assets of $272.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5B | $2.2B | $6.7B | $6.5B | — | — |
| 2022 | $2.0B | $2.1B | $4.4B | $4.6B | — | View 990 |
| 2021 | $2.3B | $2.0B | $4.7B | $4.6B | — | View 990 |
| 2020 | $1.8B | $1.8B | $4.0B | $4.3B | — | View 990 |
| 2019 | $1.6B | $1.7B | $3.4B | $3.9B | — | View 990 |
| 2018 | $1.6B | $1.4B | $2.6B | $3.1B | — | View 990 |
| 2017 | $932.4M | $1.2B | $2.2B | $2.8B | — | View 990 |
| 2016 | $871.1M | $1.1B | $2.8B | $2.2B | — | View 990 |
| 2015 | $1.3B | $980.3M | $2.3B | $1.5B | — | View 990 |
| 2014 | $719.4M | $754.3M | $1.8B | $1.4B | — | View 990 |
| 2013 | $633.8M | $667.4M | $1.5B | $865.4M | — | View 990 |
| 2012 | $631.2M | $625.1M | $1.1B | $596.5M | — | View 990 |
| 2011 | $501.6M | $515.4M | $932.5M | $432.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5B, expenses of $2.2B, and assets of $6.7B (revenue +20.0% year-over-year).
- 2022: Revenue of $2.0B, expenses of $2.1B, and assets of $4.4B (revenue -11.8% year-over-year).
- 2021: Revenue of $2.3B, expenses of $2.0B, and assets of $4.7B (revenue +30.0% year-over-year).
- 2020: Revenue of $1.8B, expenses of $1.8B, and assets of $4.0B (revenue +8.4% year-over-year).
- 2019: Revenue of $1.6B, expenses of $1.7B, and assets of $3.4B (revenue +3.8% year-over-year).
- 2018: Revenue of $1.6B, expenses of $1.4B, and assets of $2.6B (revenue +70.3% year-over-year).
- 2017: Revenue of $932.4M, expenses of $1.2B, and assets of $2.2B (revenue +7.0% year-over-year).
- 2016: Revenue of $871.1M, expenses of $1.1B, and assets of $2.8B (revenue -32.9% year-over-year).
- 2015: Revenue of $1.3B, expenses of $980.3M, and assets of $2.3B (revenue +80.5% year-over-year).
- 2014: Revenue of $719.4M, expenses of $754.3M, and assets of $1.8B (revenue +13.5% year-over-year).
- 2013: Revenue of $633.8M, expenses of $667.4M, and assets of $1.5B (revenue +0.4% year-over-year).
- 2012: Revenue of $631.2M, expenses of $625.1M, and assets of $1.1B (revenue +25.9% year-over-year).
- 2011: Revenue of $501.6M, expenses of $515.4M, and assets of $932.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northwell Healthcare Inc:
Data Sources and Methodology
This transparency report for Northwell Healthcare Inc 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.