Vermont Alliance for Recovery Residences

Analysis

Vermont Alliance for Recovery Residences is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Alliance for Recovery Residences reported income of $145k and spending of $136k, spending 94% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $217k to $145k (-33%), an average of -33% a year. The sharpest change came in the year to September 2023, when income dropped by 33%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vermont Alliance for Recovery Residences sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 36th percentile within VT. Charities of a similar size with the same main cause include Gateway Community Development Corporation ($145k), Amhhc Project I Inc ($145k) and Ocean Housing Foundation ($145k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $107k (79% of expenses). At year end it held assets of $94k against liabilities of $0, net assets of $94k. It reported 1 employees.