Vermont Foundation of Recovery Inc

Analysis

Vermont Foundation of Recovery Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Foundation of Recovery Inc reported income of $1.0m and spending of $714k, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $406k to $1.0m (+147%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vermont Foundation of Recovery Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within VT. Charities of a similar size with the same main cause include Massachusetts Lions Eye Research Fund Inc ($1.0m), Forest Heights Lodge Inc ($1.0m) and Colorado Digital Health Association ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $32k (4.5% of expenses). Other salaries and wages came to $302k. At year end it held assets of $547k against liabilities of $4,391, net assets of $542k. It reported 11 employees.