Old School of South Burlington Inc

Analysis

Old School of South Burlington Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Old School of South Burlington Inc reported income of $352k and spending of $335k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $145k to $352k (+143%), an average of +143% a year. The sharpest change came in the year to June 2023, when income rose by 143%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Old School of South Burlington Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 57th percentile within VT. Charities of a similar size with the same main cause include Donate Life North Carolina ($352k), Georgia House Rabbit Society Inc ($352k) and Valley Meals on Wheels Inc ($352k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $57k (17% of expenses). Other salaries and wages came to $165k. At year end it held assets of $52k against liabilities of $12k, net assets of $40k. It reported 9 employees.