Governors Institutes of Vermont

Analysis

Governors Institutes of Vermont is a registered charity in United States, based in Winooski, VT. It received its IRS tax-exemption ruling in January 1988, 38 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Governors Institutes of Vermont reported income of $2.1m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.1m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Governors Institutes of Vermont 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 86th percentile, and in the 85th percentile within VT. Charities of a similar size with the same main cause include Western Dakota Vocational Technical Foundation Inc ($2.0m), Cincinnati Foundation for Mortuary Education ($2.1m) and Inter-Tribal Council Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $130k (6.4% of expenses). Other salaries and wages came to $603k. At year end it held assets of $2.0m against liabilities of $259k, net assets of $1.7m. It reported 118 employees.