Vermont Community Loan Fund Inc

Analysis

Vermont Community Loan Fund Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Loan Fund Inc reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.3m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vermont Community Loan Fund Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VT. Charities of a similar size with the same main cause include Licking County Coalition for Housing ($3.3m), V&t Residential Services ($3.3m) and Salt and Light Company Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $210k (6.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $52.7m against liabilities of $35.1m, net assets of $17.6m. It reported 20 employees.