Vermont Catholic Charities Inc

Analysis

Vermont Catholic Charities Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in April 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Vermont Catholic Charities Inc reported income of $7.6m and spending of $9.5m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $7.6m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vermont Catholic Charities Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VT. Charities of a similar size with the same main cause include United Methodist Childrens Home ($7.6m), Multi Community Diversified Services Inc ($7.6m) and Wyncote Church Home ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $151k (1.6% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $11.1m against liabilities of $1.0m, net assets of $10.1m. It reported 244 employees.