Northeastern Vermont Regional Corp

Analysis

Northeastern Vermont Regional Corp is a registered charity in United States, based in St Johnsbury, VT. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Northeastern Vermont Regional Corp reported income of $2.8m and spending of $679k, leaving 76% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $624k to $2.8m (+349%), an average of +46% a year. The sharpest change came in the year to September 2023, when income rose by 171%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northeastern Vermont Regional Corp sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VT. Charities of a similar size with the same main cause include Cystic Fibrosis Research Fund ($2.8m), Treatment Access and Services Center of Berks County-Tasc-Inc ($2.8m) and Strand-Kjorsvig Community Rest Home ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $11.6m against liabilities of $3.5m, net assets of $8.0m.