Visiting Nurse Communities Inc

Analysis

Visiting Nurse Communities Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Visiting Nurse Communities Inc reported income of $2.0m and spending of $1.6m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.0m (+15%), an average of +3.5% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Visiting Nurse Communities 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 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Campbell Stone Apartments Inc ($2.0m), Jersey City Uaw Senior Citizens Housing a Non Profit Corporation ($2.0m) and Kitsap Homes of Compassion ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $544k. At year end it held assets of $8.5m against liabilities of $5.0m, net assets of $3.5m.