Lamoille Home Health Agency Inc

Analysis

Lamoille Home Health Agency Inc is a registered charity in United States, based in Morrisville, VT. It received its IRS tax-exemption ruling in September 1969, 57 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 June 2023, Lamoille Home Health Agency Inc reported income of $9.2m and spending of $8.0m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $9.2m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lamoille Home Health Agency Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VT. Charities of a similar size with the same main cause include C3 Wellbeing ($9.2m), Boy Scouts of America ($9.2m) and BHHS Legacy Foundation ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $345k (4.3% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $12.5m against liabilities of $775k, net assets of $11.8m. It reported 103 employees.