Vermont Council on Rural Development Inc

Analysis

Vermont Council on Rural Development Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in March 1998, 28 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 (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 Council on Rural Development Inc reported income of $951k and spending of $1.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $653k to $951k (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vermont Council on Rural Development Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within VT. Charities of a similar size with the same main cause include Adirondack Economic Development Corp ($950k), Pattern ($951k) and Area 1 Plumbers Joint Apprenticeship and Training ($949k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $89k (8.8% of expenses). Other salaries and wages came to $426k. At year end it held assets of $767k against liabilities of $6,957, net assets of $760k. It reported 9 employees.