Vermont Sustainable Jobs Fund Inc

Analysis

Vermont Sustainable Jobs Fund Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in March 1996, 30 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, Vermont Sustainable Jobs Fund Inc reported income of $3.0m and spending of $2.9m, spending 94% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.7m to $3.0m (+83%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vermont Sustainable Jobs Fund Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within VT. Charities of a similar size with the same main cause include Access Inc ($3.0m), Vital Communities Inc ($3.0m) and Greater Reading Chamber and Economic Development Corporation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $133k (4.7% of expenses). Other salaries and wages came to $964k. At year end it held assets of $3.7m against liabilities of $515k, net assets of $3.1m. It reported 28 employees.