Lakes Region Visiting Nurse Association

Analysis

Lakes Region Visiting Nurse Association is a registered charity in United States, based in Meredith, NH. It received its IRS tax-exemption ruling in May 1947, 79 years ago. 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, Lakes Region Visiting Nurse Association reported income of $8.5m and spending of $8.0m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.1m to $8.5m (+107%), an average of +20% a year. The sharpest change came in the year to September 2020, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakes Region Visiting Nurse Association sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NH. Charities of a similar size with the same main cause include Tor Project Inc ($8.5m), Warren-Washington-Issaquena-Sharkey Community Action Agency ($8.5m) and Memphis Jewish Community Center ($8.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $425k (5.3% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $4.4m against liabilities of $468k, net assets of $4.0m. It reported 108 employees.