Vermont College Of Fine Arts Inc
Vermont College Of Fine Arts Inc experiences significant revenue growth in 2023 after years of stable but fluctuating finances.
EIN: 208384273 · Montpelier, VT · NTEE: B43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.6M |
| Total Expenses | $15.7M |
| Program Spending | 80% |
| Net Assets | $7.6M |
| Transparency Score | 85/100 |
Is Vermont College Of Fine Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vermont College Of Fine Arts Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vermont College Of Fine Arts Inc
Vermont College Of Fine Arts Inc (EIN: 208384273) is a nonprofit organization based in Montpelier, VT, classified under NTEE code B43. The organization reported total revenue of $15.6M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermont College Of Fine Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermont College Of Fine Arts Inc is a large nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.7M |
| Total Expenses | $15.7M |
| Surplus / Deficit | +$5.0M |
| Total Assets | $17.2M |
| Total Liabilities | $9.6M |
| Net Assets | $7.6M |
| Operating Margin | 24.0% |
| Debt-to-Asset Ratio | 55.7% |
| Months of Reserves | 13.1 months |
Financial Health Grade: A
In 2023, Vermont College Of Fine Arts Inc reported a surplus of $5.0M with revenue exceeding expenses, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 55.7% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Vermont College Of Fine Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +108.9% | +61.7% | +1.9% |
| 2022 | -5.3% | -7.2% | +1.7% |
| 2021 | +5.9% | +3.8% | -7.8% |
| 2020 | -1.5% | -11.2% | +1.5% |
| 2019 | -8.6% | +0.2% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vermont College Of Fine Arts Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Vermont College Of Fine Arts Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Vermont College Of Fine Arts Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in summary data, limiting full spending efficiency analysis.
- Significant fluctuations in assets and liabilities over the past decade, particularly the recent increase in liabilities (though it decreased from 2022 to 2023).
Strengths
The following positive indicators were identified for Vermont College Of Fine Arts Inc:
- Significant revenue growth in the most recent fiscal year (2023), nearly doubling from the previous year.
- Consistent reporting of 0% officer compensation, indicating strong financial transparency regarding executive pay.
- Positive net income in the most recent fiscal year ($20,675,668 revenue vs. $15,722,964 expenses in 2023).
- Stable revenue base around $10-11 million for most of the past decade prior to the 2023 surge.
Frequently Asked Questions about Vermont College Of Fine Arts Inc
Is Vermont College Of Fine Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermont College Of Fine Arts Inc (EIN: 208384273) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Vermont College Of Fine Arts Inc spend its money?
Vermont College Of Fine Arts Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vermont College Of Fine Arts Inc tax-deductible?
Vermont College Of Fine Arts Inc is registered as a tax-exempt nonprofit (EIN: 208384273). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vermont College Of Fine Arts Inc's spending goes to programs?
Vermont College Of Fine Arts Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vermont College Of Fine Arts Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Vermont College Of Fine Arts Inc is above average for NTEE category B43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vermont College Of Fine Arts Inc located?
Vermont College Of Fine Arts Inc is headquartered in Montpelier, Vermont and files with the IRS under EIN 208384273. It is classified under NTEE code B43.
How many years of IRS 990 filings does Vermont College Of Fine Arts Inc have?
Vermont College Of Fine Arts Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15.6M in total revenue.
What caused the significant revenue increase from $9,896,722 in 2022 to $20,675,668 in 2023?
The provided data does not specify the source of this substantial revenue increase, but it could be due to a large grant, a successful fundraising campaign, or a significant increase in tuition/program fees.
Why is officer compensation consistently reported as 0%?
Reporting 0% officer compensation is highly unusual for an organization of this size and could mean that executive roles are filled by volunteers, or compensation is reported under a different category not specified in the summary data, or the organization has a unique compensation structure.
What is the nature of the increased liabilities, which rose from $14,225,441 in 2022 to $9,592,325 in 2023 (after a peak in 2022)?
The summary data does not detail the type of liabilities. Further investigation into the full 990 form would be needed to understand if these are program-related, debt, or other obligations.
How does the organization allocate its expenses between program services, administrative costs, and fundraising efforts?
The provided summary data does not include a functional expense breakdown, which is crucial for assessing spending efficiency. This information would be found in Part IX of the full IRS Form 990.
Filing History
IRS 990 filing history for Vermont College Of Fine Arts Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Vermont College Of Fine Arts Inc's revenue has grown by 143.2%, moving from $8.5M to $20.7M. Total assets increased by 19.1% over the same period, from $14.5M to $17.2M. Total functional expenses rose by 91%, from $8.2M to $15.7M. In its most recent filing year (2023), Vermont College Of Fine Arts Inc reported a surplus of $5.0M, with revenue exceeding expenses. The organization holds $9.6M in liabilities against $17.2M in assets (debt-to-asset ratio: 55.7%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.7M | $15.7M | $17.2M | $9.6M | — | — |
| 2022 | $9.9M | $9.7M | $16.9M | $14.2M | — | View 990 |
| 2021 | $10.4M | $10.5M | $16.6M | $14.1M | — | View 990 |
| 2020 | $9.9M | $10.1M | $18.0M | $15.5M | — | View 990 |
| 2019 | $10.0M | $11.4M | $17.8M | $15.0M | — | View 990 |
| 2018 | $11.0M | $11.3M | $19.2M | $15.1M | — | View 990 |
| 2017 | $11.7M | $12.1M | $19.9M | $15.3M | — | View 990 |
| 2016 | $10.9M | $10.9M | $20.8M | $15.5M | — | View 990 |
| 2015 | $10.2M | $9.8M | $18.1M | $12.8M | — | View 990 |
| 2014 | $9.8M | $9.4M | $16.0M | $11.1M | — | View 990 |
| 2013 | $9.4M | $8.8M | $15.2M | $10.7M | — | View 990 |
| 2012 | $8.5M | $8.2M | $14.5M | $10.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.7M, expenses of $15.7M, and assets of $17.2M (revenue +108.9% year-over-year).
- 2022: Revenue of $9.9M, expenses of $9.7M, and assets of $16.9M (revenue -5.3% year-over-year).
- 2021: Revenue of $10.4M, expenses of $10.5M, and assets of $16.6M (revenue +5.9% year-over-year).
- 2020: Revenue of $9.9M, expenses of $10.1M, and assets of $18.0M (revenue -1.5% year-over-year).
- 2019: Revenue of $10.0M, expenses of $11.4M, and assets of $17.8M (revenue -8.6% year-over-year).
- 2018: Revenue of $11.0M, expenses of $11.3M, and assets of $19.2M (revenue -6.7% year-over-year).
- 2017: Revenue of $11.7M, expenses of $12.1M, and assets of $19.9M (revenue +8.1% year-over-year).
- 2016: Revenue of $10.9M, expenses of $10.9M, and assets of $20.8M (revenue +6.4% year-over-year).
- 2015: Revenue of $10.2M, expenses of $9.8M, and assets of $18.1M (revenue +4.6% year-over-year).
- 2014: Revenue of $9.8M, expenses of $9.4M, and assets of $16.0M (revenue +4.0% year-over-year).
- 2013: Revenue of $9.4M, expenses of $8.8M, and assets of $15.2M (revenue +10.4% year-over-year).
- 2012: Revenue of $8.5M, expenses of $8.2M, and assets of $14.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermont College Of Fine Arts Inc:
Data Sources and Methodology
This transparency report for Vermont College Of Fine Arts Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.