Visiting Nurse Association Health Group Inc

Analysis

Visiting Nurse Association Health Group Inc is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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 December 2023, Visiting Nurse Association Health Group Inc reported income of $46.1m and spending of $47.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43.2m to $46.1m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 97% 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 Health Group Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include New Opportunities Inc ($45.9m), The Lakes Community Health Center Inc ($46.2m) and Dirne Health Centers Inc ($45.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $2.1m (4.5% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $44.2m against liabilities of $21.5m, net assets of $22.7m. It reported 353 employees.