Voices for Vermonts Children Inc

Analysis

Voices for Vermonts Children Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in September 1986, 40 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 June 2023, Voices for Vermonts Children Inc reported income of $354k and spending of $362k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $647k to $354k (-45%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Voices for Vermonts Children Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 58th percentile within VT. Charities of a similar size with the same main cause include Georgia Dressage and Combined Training Association Inc ($354k), John K Maciver Institute for Public Policy Inc ($354k) and Families 1st Partnership ($354k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (22% of expenses). Other salaries and wages came to $170k. At year end it held assets of $151k against liabilities of $20k, net assets of $132k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.