Visitation Home Inc

Analysis

Visitation Home Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Visitation Home Inc reported income of $1.7m and spending of $2.2m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.7m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Visitation Home Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Katsucon Entertainment Inc ($1.7m), New Jersey Korean American Mutual Aid Association Inc ($1.7m) and Power of People Leadership Institute ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $277k (13% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.1m against liabilities of $32k, net assets of $3.0m. It reported 60 employees.