Central Vermont Adult Basic Education Inc

Analysis

Central Vermont Adult Basic Education Inc is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Central Vermont Adult Basic Education Inc reported income of $1.7m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.7m (+30%), an average of +6.8% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Vermont Adult Basic Education Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within VT. Charities of a similar size with the same main cause include Wolfeboro Camp School Inc ($1.7m), The Mississippi Gulf Coast Community College Foundation Inc ($1.7m) and Pas Charter Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $112k (7.1% of expenses). Other salaries and wages came to $770k. At year end it held assets of $1.9m against liabilities of $237k, net assets of $1.6m. It reported 21 employees.