Vermont Associates for Training & Development Inc

Analysis

Vermont Associates for Training & Development Inc is a registered charity in United States, based in Saint Albans, VT. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Associates for Training & Development Inc reported income of $11.7m and spending of $11.7m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $11.5m to $11.7m (+1.2%), an average of +0.4% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vermont Associates for Training & Development Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VT. Charities of a similar size with the same main cause include The Industrial Commons ($11.7m), Metro North Regional Employment Board ($11.7m) and Project Quest Inc ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $191k (1.6% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $864k against liabilities of $929k, net assets of -$65k. It reported 844 employees.

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.