Southwestern Vermont Council on Aging Inc

Analysis

Southwestern Vermont Council on Aging Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in June 1980, 46 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 September 2023, Southwestern Vermont Council on Aging Inc reported income of $4.2m and spending of $4.2m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $4.2m (+12%), an average of +2.8% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southwestern Vermont Council on Aging Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VT. Charities of a similar size with the same main cause include Covering Kids & Families of Indiana Inc ($4.2m), Catholic Charities of the Diocese of Pueblo Inc ($4.2m) and Sisu Youth Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $85k (2.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.6m against liabilities of $2.1m, net assets of $1.5m. It reported 39 employees.