Vernon Continuing Care Homes Inc

Analysis

Vernon Continuing Care Homes Inc is a registered charity in United States, based in Kittery, ME. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Vernon Continuing Care Homes Inc reported income of $1.5m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+9.1%), an average of +2.2% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vernon Continuing Care Homes Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within ME. Charities of a similar size with the same main cause include Walton County Citizens Advisory Council on Aging Inc ($1.5m), Youth Passageways ($1.5m) and Prospera North Carolina LLC ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $135k (11% of expenses). Other salaries and wages came to $197k. At year end it held assets of $6.0m against liabilities of $2.0m, net assets of $4.0m. It reported 7 employees.