Vermont Achievement Center Inc

Analysis

Vermont Achievement Center Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in March 1944, 82 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vermont Achievement Center Inc reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 6 years on record, from June 2018 to June 2023, income fell from $4.3m to $3.3m (-23%), an average of -5.0% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vermont Achievement Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within VT. Charities of a similar size with the same main cause include City Neighbors Hamilton Inc ($3.3m), Baypoint Preparatory Academy ($3.3m) and Pensar Academy ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $200k (6.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.8m against liabilities of $486k, net assets of $2.3m. It reported 69 employees.