Vermont Employee Ownership Center Inc

Analysis

Vermont Employee Ownership Center Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Vermont Employee Ownership Center Inc reported income of $274k and spending of $253k, spending 92% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $207k to $274k (+33%), an average of +33% a year. The sharpest change came in the year to September 2023, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vermont Employee Ownership Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 52nd percentile within VT. Charities of a similar size with the same main cause include Rye Fund for Education ($274k), University of Virginia Law School Alumni Association ($275k) and 4200 N 51st Inc ($274k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. Other salaries and wages came to $140k. At year end it held assets of $398k against liabilities of $99k, net assets of $299k. It reported 5 employees.