Bennington Project Independence Inc

Analysis

Bennington Project Independence Inc is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Bennington Project Independence Inc reported income of $1.7m and spending of $1.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bennington Project Independence 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 84th percentile, and in the 83rd percentile within VT. Charities of a similar size with the same main cause include Project New Village ($1.7m), Inspire to Rise Inc ($1.7m) and Florence Crittenton Programs of South Carolina Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $89k (5.1% of expenses). Other salaries and wages came to $884k. At year end it held assets of $4.6m against liabilities of $83k, net assets of $4.5m. It reported 27 employees.