Green Mountain Carshare

Analysis

Green Mountain Carshare is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Green Mountain Carshare reported income of $723k and spending of $736k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $528k to $723k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Green Mountain Carshare sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within VT. Charities of a similar size with the same main cause include Friends of Salt Springs Park Supporting Group ($723k), Methouse Inc ($723k) and The Foundation at Hearst Castle ($722k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $63k (8.5% of expenses). Other salaries and wages came to $220k. At year end it held assets of $535k against liabilities of $42k, net assets of $493k. It reported 15 employees.