Norwell Visiting Nurse Assoc Inc

Analysis

Norwell Visiting Nurse Assoc Inc is a registered charity in United States, based in Norwell, MA. It received its IRS tax-exemption ruling in July 1968, 58 years ago. 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 December 2023, Norwell Visiting Nurse Assoc Inc reported income of $37.5m and spending of $37.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.9m to $37.5m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norwell Visiting Nurse Assoc Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Lafourche Parish Hospital Service District No 1 ($37.5m), Goodwill Industries of the Heartland ($37.6m) and Jamaica Hospital Nursing Home Inc ($37.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $471k (1.3% of expenses). Other salaries and wages came to $23.4m. At year end it held assets of $16.6m against liabilities of $6.1m, net assets of $10.4m. It reported 378 employees.