Intervale Center Inc

Analysis

Intervale Center Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in December 1992, 34 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 December 2023, Intervale Center Inc reported income of $3.7m and spending of $3.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.7m (+94%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Intervale Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VT. Charities of a similar size with the same main cause include Occupational Services Incorporated ($3.6m), Enlace Comunitario ($3.7m) and Americas Youth Teenage Unemployment Reduction Network Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $141k (4.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.1m against liabilities of $410k, net assets of $2.7m. It reported 49 employees.