Housing Trust of Rutland County Inc

Analysis

Housing Trust of Rutland County Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Housing Trust of Rutland County Inc reported income of $2.1m and spending of $2.6m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.1m (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Trust of Rutland County Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within VT. Charities of a similar size with the same main cause include Opportunity Headquarters Inc ($2.1m), Placer Family Housing Non-Profit Organization ($2.1m) and Landis HCBS LLC ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $13.5m against liabilities of $3.9m, net assets of $9.6m. It reported 22 employees.