Visiting Nurse Assn of Eastern Mass

Analysis

Visiting Nurse Assn of Eastern Mass is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in October 1952, 74 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 December 2023, Visiting Nurse Assn of Eastern Mass reported income of $4.5m and spending of $4.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.5m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Visiting Nurse Assn of Eastern Mass sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Covenant House Inc ($4.5m), Hearing and Speech Center of Rochester Inc ($4.5m) and Mill Neck Services Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $2.0m against liabilities of $666k, net assets of $1.3m.