Visiting Nurse Association of Southeastern Connecticut Inc

Analysis

Visiting Nurse Association of Southeastern Connecticut Inc is a registered charity in United States, based in Waterford, CT. It received its IRS tax-exemption ruling in September 1959, 67 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 September 2023, Visiting Nurse Association of Southeastern Connecticut Inc reported income of $13.3m and spending of $15.5m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $18.5m to $13.3m (-28%), an average of -7.9% a year. Over the whole period it spent 105% 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 Association of Southeastern Connecticut Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Health Planning Council of SW Fla ($13.3m), Montgomery Baptist Outreach Services Corporation ($13.3m) and Jay Hospital Inc ($13.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $198k (1.3% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $30.8m against liabilities of $2.1m, net assets of $28.7m. It reported 234 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.