Vetter Senior Living

Analysis

Vetter Senior Living is a registered charity in United States, based in Elkhorn, NE. It received its IRS tax-exemption ruling in November 2014, 12 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, Vetter Senior Living reported income of $251.9m and spending of $250.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $222.5m to $251.9m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vetter Senior Living sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NE. Charities of a similar size with the same main cause include Sante Health Foundation ($251.4m), Natrona Collective Health Trust ($252.1m) and Morris Hospital ($251.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $796k (0.3% of expenses). Other salaries and wages came to $120.8m. At year end it held assets of $311.8m against liabilities of $132.2m, net assets of $179.6m. It reported 4,631 employees.