Vna Care Network Inc

Analysis

Vna Care Network Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in August 1997, 29 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 (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, Vna Care Network Inc reported income of $9.8m and spending of $9.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.2m to $9.8m (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vna Care Network Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Jefferson County Memorial Hospital Inc ($9.8m), Marin City Health and Wellness Center ($9.8m) and Hemophilia Alliance Group Purchasing Organization Inc ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $1.4m (14% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $48.8m against liabilities of $10.6m, net assets of $38.2m. It reported 11 employees.