Granite Vna Inc

Analysis

Granite Vna Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in June 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Granite Vna Inc reported income of $51.4m and spending of $49.1m, spending 95% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $34.5m to $51.4m (+49%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Granite Vna Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NH. Charities of a similar size with the same main cause include Grant Memorial Hospital ($51.4m), St Martin Hospital Inc ($51.5m) and Hale Makua Health Services ($51.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $693k (1.4% of expenses). Other salaries and wages came to $32.0m. At year end it held assets of $55.2m against liabilities of $4.5m, net assets of $50.7m. It reported 582 employees.