Central Vermont Home Health & Hospice Inc

Analysis

Central Vermont Home Health & Hospice Inc is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in May 1952, 74 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Central Vermont Home Health & Hospice Inc reported income of $13.6m and spending of $14.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.2m to $13.6m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Vermont Home Health & Hospice Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VT. Charities of a similar size with the same main cause include Good Shepherd Home ($13.6m), North Country Home Services ($13.6m) and Room to Grow National Inc ($13.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $435k (3.1% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $26.2m against liabilities of $1.1m, net assets of $25.1m. It reported 174 employees.