Friends of Vernon Center Inc

Analysis

Friends of Vernon Center Inc is a registered charity in United States, based in Vernon, VT. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Friends of Vernon Center Inc reported income of $231k and spending of $138k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $490k to $231k (-53%), an average of -22% a year. The sharpest change came in the year to December 2023, when income rose by 237%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Vernon Center Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 48th percentile within VT. Charities of a similar size with the same main cause include Center for Arabic Culture Inc ($231k), Society for Acupuncture Research Inc ($231k) and Level Ground Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $538k against liabilities of $0, net assets of $538k.