Addison County Relocalization Network Inc

Analysis

Addison County Relocalization Network Inc is a registered charity in United States, based in Middlebury, VT. It received its IRS tax-exemption ruling in September 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 December 2023, Addison County Relocalization Network Inc reported income of $427k and spending of $318k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $258k to $427k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Addison County Relocalization Network Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 61st percentile within VT. Charities of a similar size with the same main cause include Downtown Dunn Development Corporation ($427k), Pamlico Rose Institute for Sustainable Communities ($427k) and The Urban Outreach Center of New York City Inc ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $64k (20% of expenses). Other salaries and wages came to $54k. At year end it held assets of $254k against liabilities of $0, net assets of $254k. It reported 3 employees.