Montpelier Downtown Community Association

Analysis

Montpelier Downtown Community Association is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in February 2002, 24 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 2022, Montpelier Downtown Community Association reported income of $229k and spending of $307k, spending 134% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $235k to $229k (-2.7%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Montpelier Downtown Community Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 48th percentile within VT. Charities of a similar size with the same main cause include New England Financial Marketing Association Inc ($229k), Gateway Milbridge ($229k) and Hamilton Flourishing ($229k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $35k (11% of expenses). Other salaries and wages came to $44k. At year end it held assets of $170k against liabilities of $41k, net assets of $129k. It reported 2 employees.