Vernon Advent Christian Home Inc

Analysis

Vernon Advent Christian Home Inc is a registered charity in United States, based in Vernon, VT. It received its IRS tax-exemption ruling in November 1949, 77 years ago. 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, Vernon Advent Christian Home Inc reported income of $8.7m and spending of $10.9m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $8.7m (+8.9%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vernon Advent Christian Home Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within VT. Charities of a similar size with the same main cause include National Lead for America Inc ($8.7m), Neighborhood Healthsource ($8.7m) and Blackstone Valley Community Action Program Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 103% of the total. Compensation of current officers, directors and key employees was $259k (2.4% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $8.8m against liabilities of $5.6m, net assets of $3.1m. It reported 106 employees.