Vermont Principals Association Inc

Analysis

Vermont Principals Association Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in October 1962, 64 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 2024, Vermont Principals Association Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $2.4m (+62%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vermont Principals Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within VT. Charities of a similar size with the same main cause include Wittenberg Manor Inc ($2.4m), Souris Basin Transportation Board ($2.4m) and National Church Residences ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $169k (7.2% of expenses). Other salaries and wages came to $509k. At year end it held assets of $1.1m against liabilities of $144k, net assets of $993k. It reported 6 employees.