Vermont Studio Center Inc

Analysis

Vermont Studio Center Inc is a registered charity in United States, based in Johnson, VT. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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 December 2023, Vermont Studio Center Inc reported income of $6.5m and spending of $6.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $6.5m (+5.5%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vermont Studio Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include Egyptian Area Agency on Aging Inc ($6.5m), Center for Children Inc ($6.5m) and Glen Flora ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $97k (1.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $18.2m against liabilities of $474k, net assets of $17.7m. It reported 33 employees.