Council on Aging for Southeastern Vermont Incorporated

Analysis

Council on Aging for Southeastern Vermont Incorporated is a registered charity in United States, based in Springfield, VT. It received its IRS tax-exemption ruling in December 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 September 2023, Council on Aging for Southeastern Vermont Incorporated reported income of $4.2m and spending of $4.2m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.5m to $4.2m (+20%), an average of +4.6% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council on Aging for Southeastern Vermont Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within VT. Charities of a similar size with the same main cause include Monmouth Council No 9 Civil Service Association Housing Corporation ($4.2m), Pentecostal Missionary Church of Christ 4th Watch Philippines Corp ($4.2m) and Humanidad Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $101k (2.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.8m against liabilities of $1.3m, net assets of $438k. It reported 49 employees.