Friends of Stowe Vibrancy Inc

Analysis

Friends of Stowe Vibrancy Inc is a registered charity in United States, based in Stowe, VT. It received its IRS tax-exemption ruling in March 2017, 9 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, Friends of Stowe Vibrancy Inc reported income of $72k and spending of $45k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $306k to $72k (-76%), an average of -76% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Stowe Vibrancy Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 19th percentile within VT. Charities of a similar size with the same main cause include Wallace Foundation for Rural Research and Development ($72k), Hessville Commmerce and Community Creative ($72k) and District 272 Educational Foundation ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.