Vermont Folklife Center

Analysis

Vermont Folklife Center is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in February 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Folklife Center reported income of $1.2m and spending of $1.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $733k to $1.2m (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vermont Folklife Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within VT. Charities of a similar size with the same main cause include Grandfather Mountain Highland Games Inc ($1.2m), Battle of Flowers Association ($1.2m) and Sonoma Valley Film Society ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.9% of the total. Other salaries and wages came to $512k. At year end it held assets of $1.7m against liabilities of $198k, net assets of $1.5m. It reported 12 employees.