Run Vermont Inc

Analysis

Run Vermont Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 July 2023, Run Vermont Inc reported income of $727k and spending of $615k, spending 85% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.1m to $727k (-31%), an average of -8.9% a year. The sharpest change came in the year to July 2022, when income rose by 185%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Run Vermont Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within VT. Charities of a similar size with the same main cause include MSDC Inc ($726k), Virginia Community Voice ($727k) and Wrote Inc ($726k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $108k (18% of expenses). Other salaries and wages came to $123k. At year end it held assets of $571k against liabilities of $108k, net assets of $463k. It reported 9 employees.