Visiting Nurse Association of Central Jersey Inc

Analysis

Visiting Nurse Association of Central Jersey Inc is a registered charity in United States, based in Holmdel, NJ. It received its IRS tax-exemption ruling in March 1938, 88 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 Association of Central Jersey Inc reported income of $24.7m and spending of $28.4m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.5m to $24.7m (+0.6%), an average of +0.1% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Visiting Nurse Association of Central Jersey Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include The Denver Health and Hospitals Foundation ($24.7m), Rochester Christian University ($24.7m) and Richland Medical Center Inc ($24.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 0.8% of the total. Other salaries and wages came to $13.8m. At year end it held assets of $36.9m against liabilities of $36.0m, net assets of $879k. It reported 277 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.