Community Capital of Vermont Inc

Analysis

Community Capital of Vermont Inc is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Capital of Vermont Inc reported income of $326k and spending of $490k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $338k to $326k (-3.6%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Capital of Vermont Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 56th percentile within VT. Charities of a similar size with the same main cause include United Community Foundation ($325k), The Junior League of Durham and Orange Counties Inc ($326k) and Community Development Network of Maryland Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $108k (22% of expenses). Other salaries and wages came to $75k. At year end it held assets of $3.6m against liabilities of $1.1m, net assets of $2.5m. It reported 3 employees.