Green Mountain Community Networkinc

Analysis

Green Mountain Community Networkinc is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in May 2007, 19 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 2022, Green Mountain Community Networkinc reported income of $2.0m and spending of $2.7m, spending 133% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $4.1m to $2.0m (-51%), an average of -21% a year. The sharpest change came in the year to June 2022, when income dropped by 42%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Green Mountain Community Networkinc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within VT. Charities of a similar size with the same main cause include Rbca Community Development Corporation ($2.0m), Community Development Inc ($2.0m) and Jay Shop Inc ($2.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 78% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $106k (4.0% of expenses). Other salaries and wages came to $911k. At year end it held assets of $4.0m against liabilities of $541k, net assets of $3.4m. It reported 51 employees.