St Albans for the Future Inc

Analysis

St Albans for the Future Inc is a registered charity in United States, based in Saint Albans, VT. It received its IRS tax-exemption ruling in September 2005, 21 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 (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, St Albans for the Future Inc reported income of $69k and spending of $78k, spending 112% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $42k to $69k (+66%), an average of +66% a year. The sharpest change came in the year to June 2024, when income rose by 66%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, St Albans for the Future Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 18th percentile within VT. Charities of a similar size with the same main cause include Kiwanis Club No 1 Foundation of Detroit Inc ($69k), Society of Radiologists in Ultrasound Foundation ($69k) and Phoenix Economic Development Corporation ($69k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 12% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.