Vermont Granite Museum of Barre Inc

Analysis

Vermont Granite Museum of Barre Inc is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Vermont Granite Museum of Barre Inc reported income of $499k and spending of $283k, leaving 43% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $157k to $499k (+219%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 115%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vermont Granite Museum of Barre Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within VT. Charities of a similar size with the same main cause include Lilly Awards Foundation Inc ($499k), Georgetown Trust for Conservation and Preservation Inc ($499k) and Frankfort Childrens Museum NFP ($499k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 76% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $84k (30% of expenses). At year end it held assets of $4.8m against liabilities of $311k, net assets of $4.5m. It reported 1 employees.