Vermont Elks Charities Inc

Analysis

Vermont Elks Charities Inc is a registered charity in United States, based in Williamstown, VT. It received its IRS tax-exemption ruling in May 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Vermont Elks Charities Inc reported income of $403k and spending of $433k, spending 107% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $524k to $403k (-23%), an average of -8.4% a year. The sharpest change came in the year to March 2021, when income dropped by 46%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vermont Elks Charities Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 60th percentile within VT. Charities of a similar size with the same main cause include Our Mother of Good Counsel Housing Developement Fund Co Inc ($403k), Down Syndrome Association of Central Texas ($403k) and South Windsor Soccer Club Inc ($403k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 46% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $67k (15% of expenses). Other salaries and wages came to $129k. At year end it held assets of $2.0m against liabilities of $37k, net assets of $1.9m. It reported 39 employees.