United Ways of Vermont

Analysis

United Ways of Vermont is a registered charity in United States, based in Essex JCT, VT. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2022, United Ways of Vermont reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 4 years on record, from March 2019 to March 2022, income grew from $863k to $1.1m (+28%), an average of +8.6% a year. The sharpest change came in the year to March 2021, when income rose by 43%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Ways of Vermont sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within VT. Charities of a similar size with the same main cause include Desert Financial Foundation ($1.1m), Samf Fund ($1.1m) and Fairfield Medical Center Foundation ($1.1m).

On its Form 990 for the period ending March 2022, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $104k (8.6% of expenses). Other salaries and wages came to $551k. At year end it held assets of $261k against liabilities of $221k, net assets of $40k.