Btvignite Inc

Analysis

Btvignite Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in November 2015, 11 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 December 2023, Btvignite Inc reported income of $52k and spending of $57k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $31k to $52k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Btvignite Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 13th percentile within VT. Charities of a similar size with the same main cause include Bridge Center of Hampton Roads ($51k), Lakewood Heritage Foundation ($52k) and Horace Mann-Ambridge Improvement Organization Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.