Onecare Vermont Accountable Care Organization LLC

Analysis

Onecare Vermont Accountable Care Organization LLC is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Onecare Vermont Accountable Care Organization LLC reported income of $22.4m and spending of $21.8m, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $4.2m to $22.4m (+438%), an average of +75% a year. The sharpest change came in the year to December 2021, when income rose by 558%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Onecare Vermont Accountable Care Organization LLC sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VT. Charities of a similar size with the same main cause include Hillside Inc ($22.4m), Regional Firstcare Inc ($22.4m) and Childrens Hospital & Medical Center Foundation ($22.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.1m (9.7% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $58.3m against liabilities of $49.8m, net assets of $8.5m.