Vt-Hec Inc

Analysis

Vt-Hec Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Vt-Hec Inc reported income of $2.2m and spending of $1.8m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $2.2m (+52%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vt-Hec Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within VT. Charities of a similar size with the same main cause include Achievepoint Career Academy - Cincinnati ($2.2m), Erudite Technology Group ($2.2m) and Finger Lakes Library Systems ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $116k (6.5% of expenses). Other salaries and wages came to $831k. At year end it held assets of $1.9m against liabilities of $255k, net assets of $1.6m. It reported 59 employees.