Vermont College of Fine Arts Inc

Analysis

Vermont College of Fine Arts Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vermont College of Fine Arts Inc reported income of $20.7m and spending of $15.7m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $20.7m (+107%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 109%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vermont College of Fine Arts Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VT. Charities of a similar size with the same main cause include Goodwin College Magnet Schools Inc ($20.7m), Michigan Tech Fund ($20.7m) and The Faison Center Inc ($20.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $780k (5.0% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $17.2m against liabilities of $9.6m, net assets of $7.6m. It reported 188 employees.