VMC Indemnity Company Inc

Analysis

VMC Indemnity Company Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, VMC Indemnity Company Inc reported income of $19.7m and spending of $10.8m, leaving 45% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $12.4m to $19.7m (+59%), an average of +17% a year. The sharpest change came in the year to September 2023, when income rose by 92%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, VMC Indemnity Company Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VT. Charities of a similar size with the same main cause include Cal State East Bay Educational Foundation ($19.7m), Little Wound School Board Inc ($19.7m) and Ridgefield Academy Inc ($19.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 80% of the total. At year end it held assets of $99.5m against liabilities of $47.1m, net assets of $52.4m.