Rutland Makers Inc

Analysis

Rutland Makers Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rutland Makers Inc reported income of $417k and spending of $416k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $218k to $417k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rutland Makers 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 67th percentile, and in the 61st percentile within VT. Charities of a similar size with the same main cause include Akahiao Nature Institute ($417k), Throggs Neck Disrict Management Association Inc ($418k) and Pockets Full of Sunshine ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $70k (17% of expenses). Other salaries and wages came to $119k. At year end it held assets of $139k against liabilities of $4,021, net assets of $135k. It reported 23 employees.