Veranova Health

Analysis

Veranova Health is a registered charity in United States, based in Middleburg Heights, OH. It received its IRS tax-exemption ruling in May 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Veranova Health reported income of $524k and spending of $544k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $284k to $524k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Veranova Health sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Diannes Call ($524k), Booth Manor Inc ($524k) and Public Health Council of the Upper Valley ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $270k against liabilities of $69k, net assets of $201k. It reported 7 employees.