Southeastern Vermont Economic Development Strategies Inc

Analysis

Southeastern Vermont Economic Development Strategies Inc is a registered charity in United States, based in Brattleboro, VT. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Southeastern Vermont Economic Development Strategies Inc reported income of $177k and spending of $162k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $194k to $177k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeastern Vermont Economic Development Strategies Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 42nd percentile within VT. Charities of a similar size with the same main cause include Nodaway County Economic Development Inc ($177k), Houston Downtown Improvement Inc ($177k) and Educational Resources of Antigua Guatemala Inc ($177k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 0.8% of the total. Other salaries and wages came to $107k. At year end it held assets of $160k against liabilities of $6,844, net assets of $154k.