Vergennes Partnership Inc

Analysis

Vergennes Partnership Inc is a registered charity in United States, based in Vergennes, VT. It received its IRS tax-exemption ruling in December 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 June 2024, Vergennes Partnership Inc reported income of $97k and spending of $108k, spending 111% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $279k to $97k (-65%), an average of -41% a year. The sharpest change came in the year to June 2024, when income dropped by 45%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vergennes Partnership Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 27th percentile within VT. Charities of a similar size with the same main cause include Manatee Chamber Foundation Inc ($97k), Casas Adobes Rotary Foundation Inc ($97k) and Urban Islands Project ($97k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $28k (26% of expenses). At year end it held assets of $103k against liabilities of $400, net assets of $103k.