Southern Vermont Health and Recreation Center Foundation Inc

Analysis

Southern Vermont Health and Recreation Center Foundation Inc is a registered charity in United States, based in Springfield, VT. It received its IRS tax-exemption ruling in April 2000, 26 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 September 2023, Southern Vermont Health and Recreation Center Foundation Inc reported income of $849k and spending of $1.1m, spending 124% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income grew from $846k to $849k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to September 2022, when income dropped by 42%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Vermont Health and Recreation Center Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within VT. Charities of a similar size with the same main cause include Del Mar Village Association Inc ($848k), Social Performance Task Force ($849k) and Mahi International Inc ($848k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $82k (7.8% of expenses). Other salaries and wages came to $452k. At year end it held assets of $239k against liabilities of $122k, net assets of $117k. It reported 72 employees.