Champlain Valley Office of Economic Opportunity Inc

Analysis

Champlain Valley Office of Economic Opportunity Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in April 1966, 60 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 September 2023, Champlain Valley Office of Economic Opportunity Inc reported income of $29.0m and spending of $28.6m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.0m to $29.0m (+53%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Champlain Valley Office of Economic Opportunity Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VT. Charities of a similar size with the same main cause include Goodwill Industries of Kansas Inc ($28.7m), Latino Coalition for Community Leadership ($29.1m) and Gulf Coast Community Services Assn Inc ($28.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $312k (1.1% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $13.5m against liabilities of $4.8m, net assets of $8.7m. It reported 297 employees.