Vermont Adult Learning Inc

Analysis

Vermont Adult Learning Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in January 1981, 45 years ago. 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, Vermont Adult Learning Inc reported income of $6.3m and spending of $5.1m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $6.3m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vermont Adult Learning Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include Archways Inc ($6.3m), The Young Womens Christian Assoc of Yonkers ($6.3m) and Clermont County Community Services Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $129k (2.5% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $3.9m against liabilities of $1.8m, net assets of $2.2m. It reported 109 employees.