Vermont Energy Investment Corp

Analysis

Vermont Energy Investment Corp is a registered charity in United States, based in Winooski, VT. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Vermont Energy Investment Corp reported income of $123.1m and spending of $121.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $99.0m to $123.1m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Vermont Energy Investment Corp sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within VT. Charities of a similar size with the same main cause include Great Hearts America-Texas ($110.8m), Earthjustice ($126.0m) and Klamath River Renewal Corporation ($104.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.5m (1.2% of expenses). Other salaries and wages came to $33.6m. At year end it held assets of $52.9m against liabilities of $24.0m, net assets of $28.9m. It reported 388 employees.