Homeshare Vermont Inc

Analysis

Homeshare Vermont Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Homeshare Vermont Inc reported income of $1.5m and spending of $775k, leaving 48% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $544k to $1.5m (+175%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 133%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeshare Vermont Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within VT. Charities of a similar size with the same main cause include Memory Matters ($1.5m), Reimagine Inc ($1.5m) and Praed Foundation ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $105k (14% of expenses). Other salaries and wages came to $318k. At year end it held assets of $2.8m against liabilities of $115k, net assets of $2.7m. It reported 9 employees.