Barre Area Development Inc

Analysis

Barre Area Development Inc is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in September 1963, 63 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Barre Area Development Inc reported income of $153k and spending of $197k, spending 128% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $107k to $153k (+43%), an average of +44% a year. The sharpest change came in the year to June 2024, when income rose by 43%. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Barre Area Development Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 38th percentile within VT. Charities of a similar size with the same main cause include Michael Diamond Charitable Foundation Inc ($153k), Rethinknyc Inc ($153k) and Hope Included ($153k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $301k against liabilities of $2,895, net assets of $298k.