Central Vermont Council on Aging Inc

Analysis

Central Vermont Council on Aging Inc is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in August 1981, 45 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, Central Vermont Council on Aging Inc reported income of $4.2m and spending of $4.1m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.9m to $4.2m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to September 2020, when income rose by 18%. 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, Central 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 Lewis County Senior Citizens Center Inc ($4.2m), Area Committee to Improve Opportunities Now Inc ($4.2m) and Deep Fork Community Action Foundation Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $108k (2.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.3m against liabilities of $549k, net assets of $1.8m. It reported 37 employees.