Holy Redeemer Visiting Nurse Agency

Analysis

Holy Redeemer Visiting Nurse Agency is a registered charity in United States, based in Egg Harbor Township, NJ. It received its IRS tax-exemption ruling in March 1946, 80 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Holy Redeemer Visiting Nurse Agency reported income of $17.7m and spending of $17.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.0m to $17.7m (-41%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holy Redeemer Visiting Nurse Agency sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Visiting Nurse and Hospice Home Inc ($17.7m), Marian Manor for the Aged & Infirm Inc ($17.7m) and Detroit Central City Community Mental Health Inc ($17.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $243k (1.4% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $52.3m against liabilities of $2.8m, net assets of $49.5m. It reported 208 employees.