Vermont Foodbank

Analysis

Vermont Foodbank is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Vermont Foodbank reported income of $34.1m and spending of $36.7m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.6m to $34.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to September 2020, when income rose by 67%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vermont Foodbank sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VT. Charities of a similar size with the same main cause include Brians House Incorporated ($34.1m), The Kintock Group of New Jersey Inc ($34.1m) and Foodbank Inc ($34.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $298k (0.8% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $35.7m against liabilities of $2.3m, net assets of $33.5m. It reported 105 employees.