Visiting Nurse Services of Newport and Bristol Counties

Analysis

Visiting Nurse Services of Newport and Bristol Counties is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in April 1957, 69 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, Visiting Nurse Services of Newport and Bristol Counties reported income of $19.7m and spending of $18.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $20.8m to $19.7m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Visiting Nurse Services of Newport and Bristol Counties sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within RI. Charities of a similar size with the same main cause include PSC Community Services Inc ($19.7m), State Democracy Project ($19.7m) and Utah Nonprofit Housing Corporation ($19.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $214k (1.2% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $5.8m against liabilities of $2.1m, net assets of $3.8m. It reported 235 employees.