Vermont Permanency Initiative Inc

Analysis

Vermont Permanency Initiative Inc is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Vermont Permanency Initiative Inc reported income of $17.9m and spending of $13.5m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.9m to $17.9m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Vermont Permanency Initiative Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Girl Scouts of San Jacinto Council ($17.8m), Native American Youth and Family Center ($18.0m) and Sephardic Community Youth Center ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $414k (3.1% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $15.7m against liabilities of $2.6m, net assets of $13.1m. It reported 230 employees.