Vermont Community Foundation

Analysis

Vermont Community Foundation is a registered charity in United States, based in Middlebury, VT. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Vermont Community Foundation reported income of $52.8m and spending of $48.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.5m to $52.8m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vermont Community Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VT. Charities of a similar size with the same main cause include Fiduciary Charitable Foundation ($52.4m), Car Donation Foundation ($52.9m) and Second Harvest of the Greater Valley ($52.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $907k (1.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $358.2m against liabilities of $12.9m, net assets of $345.3m. It reported 54 employees.