United Way of Northwest Vermont Inc

Analysis

United Way of Northwest Vermont Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2023, United Way of Northwest Vermont Inc reported income of $3.7m and spending of $4.6m, spending 123% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $4.1m to $3.7m (-10%), an average of -2.6% a year. The sharpest change came in the year to March 2021, when income rose by 37%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Northwest Vermont Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VT. Charities of a similar size with the same main cause include Community Foundation of Madison and Jefferson County Inc ($3.7m), Guidestream Charitable Gift Fund ($3.7m) and Tomorrows Hope Foundation II Inc ($3.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $280k (6.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.3m against liabilities of $617k, net assets of $5.7m. It reported 37 employees.