Vermont Association for the Blind and Visually Impaired Inc

Analysis

Vermont Association for the Blind and Visually Impaired Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in April 1950, 76 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vermont Association for the Blind and Visually Impaired Inc reported income of $3.1m and spending of $3.2m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.9m to $3.1m (+9.9%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vermont Association for the Blind and Visually Impaired Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VT. Charities of a similar size with the same main cause include Seton School ($3.1m), Community Energy Project Inc ($3.1m) and Source MN Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $147k (4.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $12.9m against liabilities of $790k, net assets of $12.1m. It reported 51 employees.