Vermont Fresh Network Corporation

Analysis

Vermont Fresh Network Corporation is a registered charity in United States, based in Richmond, VT. It received its IRS tax-exemption ruling in August 1999, 27 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 Fresh Network Corporation reported income of $211k and spending of $229k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $211k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vermont Fresh Network Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 46th percentile within VT. Charities of a similar size with the same main cause include Fairouzah American Association ($211k), Costilla County Economic Development Council Inc ($211k) and Grosse Pointe Chamber Foundation ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $63k (27% of expenses). Other salaries and wages came to $73k. At year end it held assets of $59k against liabilities of $5,130, net assets of $54k. It reported 5 employees.