Public Assets Institute Inc

Analysis

Public Assets Institute Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2023, Public Assets Institute Inc reported income of $556k and spending of $583k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $522k to $556k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Public Assets Institute Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within VT. Charities of a similar size with the same main cause include New Milford Congregate Housing Inc ($556k), St Vincent Anderson Regional Hospital Foundation Inc ($556k) and Wilderness Fellowship Inc ($556k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $103k (18% of expenses). Other salaries and wages came to $291k. At year end it held assets of $490k against liabilities of $31k, net assets of $459k. It reported 7 employees.