The University of Vermont Health Network-Home Health & Hospice Inc

Analysis

The University of Vermont Health Network-Home Health & Hospice Inc is a registered charity in United States, based in Colchester, VT. It received its IRS tax-exemption ruling in July 1936, 90 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, The University of Vermont Health Network-Home Health & Hospice Inc reported income of $26.0m and spending of $29.5m, spending 113% of what it took in. Across the 6 years on record, from September 2018 to September 2023, income grew from $9.7m to $26.0m (+168%), an average of +22% a year. The sharpest change came in the year to September 2019, when income rose by 230%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The University of Vermont Health Network-Home Health & Hospice Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within VT. Charities of a similar size with the same main cause include Clinica MSR Oscar a Romero ($26.0m), Arroyo Vista Family Health Foundation ($26.0m) and Clearwater Valley Hospital & Clinics Inc ($26.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $703k (2.4% of expenses). Other salaries and wages came to $18.9m. At year end it held assets of $29.6m against liabilities of $11.5m, net assets of $18.1m. It reported 452 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.