Addison County Community Trust

Analysis

Addison County Community Trust is a registered charity in United States, based in Vergennes, VT. It received its IRS tax-exemption ruling in November 1990, 36 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, Addison County Community Trust reported income of $6.8m and spending of $3.2m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $6.8m (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Addison County Community Trust sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include Habitat for Humanity Internal Inc ($6.8m), Mount Baker Housing Association ($6.8m) and Caritas ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $107k (3.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $16.6m against liabilities of $5.2m, net assets of $11.4m. It reported 29 employees.