Southeast Vermont Transit Inc

Analysis

Southeast Vermont Transit Inc is a registered charity in United States, based in Wilmington, VT. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 June 2023, Southeast Vermont Transit Inc reported income of $9.6m and spending of $9.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $9.6m (+116%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeast Vermont Transit Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VT. Charities of a similar size with the same main cause include San Benito Health Foundation ($9.6m), American Society of Human Genetics ($9.6m) and Bear River Head Start ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $145k (1.6% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $12.6m against liabilities of $2.2m, net assets of $10.4m. It reported 103 employees.