Vermont Family Network

Analysis

Vermont Family Network is a registered charity in United States, based in Williston, VT. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Vermont Family Network reported income of $1.3m and spending of $1.5m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $1.3m (-43%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vermont Family Network sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within VT. Charities of a similar size with the same main cause include The Jewish Peoplehood Alliance Inc ($1.3m), New Bethlehem Community Center Inc ($1.3m) and Operation Shoestring Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $73k (4.9% of expenses). Other salaries and wages came to $924k. At year end it held assets of $1.1m against liabilities of $318k, net assets of $747k. It reported 32 employees.