Visiting Homemaker Service of Ocean County Inc

Analysis

Visiting Homemaker Service of Ocean County Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in January 1967, 59 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 Homemaker Service of Ocean County Inc reported income of $607k and spending of $863k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $607k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Visiting Homemaker Service of Ocean County Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Vida Nueva Ministries Inc ($607k), Brain Injury Alliance of Connecticut Inc ($607k) and St Lukes Medical Clinic ($607k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $74k (8.5% of expenses). Other salaries and wages came to $454k. At year end it held assets of $518k against liabilities of $1.1m, net assets of -$566k. It reported 37 employees.