Somerset Valley Visiting Nurse Association Inc

Analysis

Somerset Valley Visiting Nurse Association Inc is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in February 1951, 75 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, Somerset Valley Visiting Nurse Association Inc reported income of $6.8m and spending of $6.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.2m to $6.8m (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Somerset Valley Visiting Nurse Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Corrie Ten Boom Fellowship Incorporated ($6.8m), Juvenile Justice Center of Phila ($6.8m) and Catholic Charities of Central Texas ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 82% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $48.4m against liabilities of $250k, net assets of $48.1m. It reported 54 employees.