Mad River Valley Health Center Inc

Analysis

Mad River Valley Health Center Inc is a registered charity in United States, based in Waitsfield, VT. It received its IRS tax-exemption ruling in March 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mad River Valley Health Center Inc reported income of $117k and spending of $129k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $114k to $117k (+2.7%), an average of +0.9% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mad River Valley Health Center Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 31st percentile within VT. Charities of a similar size with the same main cause include Cag Foundation ($117k), Clark Fork-Hope Area Senior Service Inc ($117k) and PTA California Congress of Parents Teachers & Students Inc ($117k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. At year end it held assets of $837k against liabilities of $13k, net assets of $824k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.