Green Mountain Higher Education Consortium Inc

Analysis

Green Mountain Higher Education Consortium Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in March 2016, 10 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 June 2023, Green Mountain Higher Education Consortium Inc reported income of $5.4m and spending of $5.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.9m to $5.4m (-32%), an average of -9.2% a year. The sharpest change came in the year to June 2022, when income dropped by 33%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Green Mountain Higher Education Consortium Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within VT. Charities of a similar size with the same main cause include The Exploris School ($5.4m), Bowles Hall Foundation ($5.4m) and Dressed with Dignity Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $190k (3.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $770k against liabilities of $504k, net assets of $266k. It reported 26 employees.