Southern Vermont Health Services Corporation

Analysis

Southern Vermont Health Services Corporation is a registered charity in United States, based in Brattleboro, VT. It received its IRS tax-exemption ruling in September 1989, 37 years ago. 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 September 2023, Southern Vermont Health Services Corporation reported income of $1.6m and spending of $1.9m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.8m to $1.6m (-57%), an average of -19% a year. The sharpest change came in the year to September 2023, when income dropped by 29%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Vermont Health Services Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within VT. Charities of a similar size with the same main cause include Iredell Council on Aging Inc ($1.6m), Jsu Tiger Fund Athletic Foundation ($1.6m) and Northern Hills Alcohol and Drug Services Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $701k (37% of expenses). Other salaries and wages came to $186k. It paid $5,500 in professional fundraising fees. At year end it held assets of $20.0m against liabilities of $955k, net assets of $19.0m. It reported 9 employees.