Mercyhealth Visiting Nurses Association Inc

Analysis

Mercyhealth Visiting Nurses Association Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in August 1945, 81 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, Mercyhealth Visiting Nurses Association Inc reported income of $10.8m and spending of $11.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $15.6m to $10.8m (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercyhealth Visiting Nurses Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Hospital for Extended Recovery ($10.8m), North Point Health & Wellness Center Inc ($10.8m) and Grace Medical Center Inc ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $422k (3.8% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $15.1m against liabilities of $3.6m, net assets of $11.5m. It reported 169 employees.