Vermont Association of Area Agencies on Aging Inc

Analysis

Vermont Association of Area Agencies on Aging Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Vermont Association of Area Agencies on Aging Inc reported income of $651k and spending of $659k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $829k to $651k (-21%), an average of -5.8% a year. The sharpest change came in the year to September 2020, when income dropped by 33%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vermont Association of Area Agencies on Aging Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within VT. Charities of a similar size with the same main cause include The Durham Museum Foundation ($651k), Communities in Schools of Petersburg ($651k) and Ipa Foundation ($651k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $62k (9.4% of expenses). Other salaries and wages came to $29k. At year end it held assets of $392k against liabilities of $192k, net assets of $199k. It reported 3 employees.