Vermont Program for Quality in Health Care Inc

Analysis

Vermont Program for Quality in Health Care Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Vermont Program for Quality in Health Care Inc reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.1m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vermont Program for Quality in Health Care Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within VT. Charities of a similar size with the same main cause include Free at Last Community Recovery and Rehabilitation Services ($2.1m), Chas Health Foundation ($2.1m) and Mountainland Pediatrics Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $242k (12% of expenses). At year end it held assets of $1.1m against liabilities of $507k, net assets of $616k. It reported 9 employees.