Vermont Information Technology Leaders Inc

Analysis

Vermont Information Technology Leaders Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in March 2009, 17 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, Vermont Information Technology Leaders Inc reported income of $8.4m and spending of $7.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $8.4m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vermont Information Technology Leaders Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VT. Charities of a similar size with the same main cause include Northern Illinois Hospice Assoc ($8.4m), Christus Trinity Mother Frances Foundation ($8.4m) and National Conflict Resolution Center ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $402k (5.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $10.4m against liabilities of $4.2m, net assets of $6.2m. It reported 30 employees.