Vermont Philharmonic Inc

Analysis

Vermont Philharmonic Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in July 1960, 66 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Vermont Philharmonic Inc reported income of $64k and spending of $61k, spending 94% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $36k to $64k (+79%), an average of +79% a year. The sharpest change came in the year to August 2023, when income rose by 79%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vermont Philharmonic Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 17th percentile within VT. Charities of a similar size with the same main cause include Pierrot Chamber Music Festival Inc ($64k), Opera House Arts Council ($64k) and Bakken Trio ($64k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.