Valley Home Care Inc

Analysis

Valley Home Care Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in August 1993, 33 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 December 2023, Valley Home Care Inc reported income of $68.8m and spending of $60.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $58.0m to $68.8m (+19%), an average of +4.4% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Home Care Inc sits at the 94th percentile: it is larger than about 94% of them. 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 Magee-Womens Research Institute and Foundation ($68.7m), Brooks-Tlc Hospital System Inc ($68.9m) and Parkview Wabash Hospital Inc ($68.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Other salaries and wages came to $41.6m. At year end it held assets of $85.2m against liabilities of $12.0m, net assets of $73.3m. It reported 512 employees.