Vermont Crafts Council

Analysis

Vermont Crafts Council is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Vermont Crafts Council reported income of $73k and spending of $84k, spending 114% of what it took in. Across the 3 years on record, from September 2022 to December 2023, income fell from $97k to $73k (-24%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 369%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vermont Crafts Council sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 20th percentile within VT. Charities of a similar size with the same main cause include St Louis Area Police Chiefs Association ($73k), Stratford Area Foundation Inc ($73k) and Turlock Sunrise Rotary Foundation ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 50% of the total. At year end it held assets of $6,002 against liabilities of $40k, net assets of -$34k.

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.