Elmore Community Trust

Analysis

Elmore Community Trust is a registered charity in United States, based in Lake Elmore, VT. It received its IRS tax-exemption ruling in April 2021, 5 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, Elmore Community Trust reported income of $161k and spending of $41k, leaving 75% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $345k to $161k (-53%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 14% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elmore Community Trust sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 39th percentile within VT. Charities of a similar size with the same main cause include Innovative Business Resource Center Inc ($161k), Workatit Inc ($161k) and Acres Home Chamber for Buisness and Economic Development Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 6.4% of the total. At year end it held assets of $586k against liabilities of $60k, net assets of $526k.