Lamoille Family Center Inc

Analysis

Lamoille Family Center Inc is a registered charity in United States, based in Morrisville, VT. It received its IRS tax-exemption ruling in December 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 June 2023, Lamoille Family Center Inc reported income of $2.5m and spending of $2.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lamoille Family Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within VT. Charities of a similar size with the same main cause include Wayne County Agricultural Society Inc ($2.5m), Young Mens Christian Association of Brainerd Minn ($2.5m) and New Journey Community Outreach Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $91k (3.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.6m against liabilities of $117k, net assets of $3.5m. It reported 39 employees.