Vermont Professionals of Color Network

Analysis

Vermont Professionals of Color Network is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Vermont Professionals of Color Network reported income of $673k and spending of $304k, leaving 55% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $333k to $673k (+102%), an average of +42% a year. The sharpest change came in the year to September 2022, when income rose by 63%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vermont Professionals of Color Network sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within VT. Charities of a similar size with the same main cause include Community Resource Center Inc ($673k), Cacfp Assistance & Childcare Business Consulting Inc ($673k) and The@foundation for Community Development and Empowerment ($673k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $79k (26% of expenses). Other salaries and wages came to $90k. At year end it held assets of $886k against liabilities of $18k, net assets of $868k. It reported 3 employees.