Valley Regional Healthcare Inc

Analysis

Valley Regional Healthcare Inc is a registered charity in United States, based in Claremont, NH. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Valley Regional Healthcare Inc reported income of $2.5m and spending of $3.0m, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.5m to $2.5m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to September 2020, when income dropped by 15%. Over the whole period it spent 134% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Regional Healthcare Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NH. Charities of a similar size with the same main cause include Daughters of the Nile Foundation ($2.4m), Seattle Science Foundation ($2.5m) and Frederick Health Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $641k (21% of expenses). Other salaries and wages came to $140k. At year end it held assets of $11.7m against liabilities of $18.1m, net assets of -$6.4m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.