Vermont Folklife Center
Vermont Folklife Center: Steady Growth, Strong Program Focus
EIN: 222550951 · Burlington, VT · NTEE: A200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $758K |
| Total Expenses | $1.0M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Vermont Folklife Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vermont Folklife Center directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vermont Folklife Center
Vermont Folklife Center (EIN: 222550951) is a nonprofit organization based in Burlington, VT, classified under NTEE code A200. The organization reported total revenue of $758K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermont Folklife Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermont Folklife Center is a small nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$206K |
| Total Assets | $1.7M |
| Total Liabilities | $198K |
| Net Assets | $1.5M |
| Operating Margin | 16.5% |
| Debt-to-Asset Ratio | 11.9% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Vermont Folklife Center reported a surplus of $206K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 11.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Vermont Folklife Center's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +72.1% | +35.6% | +15.9% |
| 2022 | +8.2% | +9.7% | -5.0% |
| 2021 | +38.7% | +21.5% | +4.2% |
| 2020 | -34.2% | -12.5% | -7.1% |
| 2019 | +38.9% | +2.0% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Folklife Center 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: 75%
- fundraising: 10%
According to IRS 990 filings, Vermont Folklife Center allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $206K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.9%.
Executive Compensation Analysis
Executive compensation is not reported on the Form 990s, indicating that no individual received more than $150,000 in reportable compensation from the organization or related organizations.
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.
Strengths
The following positive indicators were identified for Vermont Folklife Center:
- Consistent revenue growth, with revenue increasing from $482,008 in 2020 to $1,244,697 in 2023.
- Healthy asset base, consistently over $1.4 million, providing financial stability.
- Strong program spending, indicating a focus on mission delivery.
- Low fundraising costs, suggesting efficient resource allocation.
Frequently Asked Questions about Vermont Folklife Center
Is Vermont Folklife Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermont Folklife Center (EIN: 222550951) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Vermont Folklife Center spend its money?
Vermont Folklife Center directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vermont Folklife Center tax-deductible?
Vermont Folklife Center is registered as a tax-exempt nonprofit (EIN: 222550951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Vermont Folklife Center CEO make?
Vermont Folklife Center's highest-compensated officer earns $150,000 annually. The organization reported $758K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Vermont Folklife Center's spending goes to programs?
Vermont Folklife Center directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Vermont Folklife Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Vermont Folklife Center is above average for NTEE category A200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vermont Folklife Center located?
Vermont Folklife Center is headquartered in Burlington, Vermont and files with the IRS under EIN 222550951. It is classified under NTEE code A200.
How many years of IRS 990 filings does Vermont Folklife Center have?
Vermont Folklife Center 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 $758K in total revenue.
What does Vermont Folklife Center do?
Vermont Folklife Center is a nonprofit organization in the Arts, Culture & Humanities sector, located in Burlington, Vermont. It is classified under NTEE code A200.
How much revenue does Vermont Folklife Center have?
Vermont Folklife Center reported total revenue of $757,544. Based on 12 IRS 990 filings on record.
What are Vermont Folklife Center's total assets?
Vermont Folklife Center holds total assets of $1,435,248 as reported in IRS 990 filings.
Where is Vermont Folklife Center located?
Vermont Folklife Center is based in Burlington, Vermont.
What is Vermont Folklife Center's EIN?
Vermont Folklife Center's Employer Identification Number (EIN) is 222550951. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Vermont Folklife Center?
Vermont Folklife Center is classified under NTEE code A200 (Arts, Culture & Humanities).
Is Vermont Folklife Center a registered 501(c)(3)?
Yes, Vermont Folklife Center is recognized as a tax-exempt organization by the IRS. EIN: 222550951.
Does Vermont Folklife Center file IRS Form 990?
Yes, Vermont Folklife Center has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Vermont Folklife Center's revenue in 2023?
In the 202306 filing period, Vermont Folklife Center reported total revenue of $1,244,697, total expenses of $1,039,080, and net assets of $1,664,581.
Is Vermont Folklife Center's revenue growing or declining?
Vermont Folklife Center's revenue is growing. Revenue went from $723,428 (202206) to $1,244,697 (202306), a +72.1% change. Based on 12 filings on record.
What is Vermont Folklife Center's most recent 990 filing?
The most recent IRS Form 990 filing for Vermont Folklife Center covers tax period 202306. It shows revenue of $1,244,697, expenses of $1,039,080, total assets of $1,664,581, and liabilities of $197,670.
How much does Vermont Folklife Center spend on programs vs administration?
Based on IRS 990 analysis, Vermont Folklife Center allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Vermont Folklife Center a trustworthy charity?
Based on AI analysis of IRS 990 data, Vermont Folklife Center appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Vermont Folklife Center's strengths?
Positive indicators for Vermont Folklife Center include: Consistent revenue growth, with revenue increasing from $482,008 in 2020 to $1,244,697 in 2023.. Healthy asset base, consistently over $1.4 million, providing financial stability.. Strong program spending, indicating a focus on mission delivery.. Low fundraising costs, suggesting efficient resource allocation.. These findings are derived from AI analysis of the organization's financial filings.
How does Vermont Folklife Center compensate executives?
Executive compensation is not reported on the Form 990s, indicating that no individual received more than $150,000 in reportable compensation from the organization or related organizations. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the Vermont Folklife Center managed to nearly triple its revenue from $482,008 in 2020 to $1,244,697 in 2023, and what specific initiatives or funding sources contributed most to this significant growth?
The substantial increase in revenue from 2020 to 2023 suggests successful grant acquisition, increased individual donations, or expanded program offerings. Further analysis of their Form 990s' Schedule A and revenue breakdown would pinpoint specific drivers like government grants, contributions, or program service revenue.
Filing History
IRS 990 filing history for Vermont Folklife Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Vermont Folklife Center's revenue has grown by 265.6%, moving from $340K to $1.2M. Total assets decreased by 9.2% over the same period, from $1.8M to $1.7M. Total functional expenses rose by 80.4%, from $576K to $1.0M. In its most recent filing year (2023), Vermont Folklife Center reported a surplus of $206K, with revenue exceeding expenses. The organization holds $198K in liabilities against $1.7M in assets (debt-to-asset ratio: 11.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.0M | $1.7M | $198K | — | View 990 |
| 2022 | $723K | $766K | $1.4M | $188K | — | View 990 |
| 2021 | $669K | $698K | $1.5M | $161K | — | View 990 |
| 2020 | $482K | $575K | $1.5M | $113K | — | View 990 |
| 2019 | $733K | $657K | $1.6M | $131K | — | View 990 |
| 2018 | $527K | $644K | $1.5M | $158K | — | View 990 |
| 2017 | $510K | $659K | $1.6M | $159K | — | View 990 |
| 2016 | $613K | $677K | $1.7M | $153K | — | View 990 |
| 2015 | $621K | $475K | $1.9M | $213K | — | View 990 |
| 2014 | $333K | $464K | $1.7M | $168K | — | View 990 |
| 2013 | $425K | $464K | $1.8M | $161K | — | View 990 |
| 2012 | $340K | $576K | $1.8M | $166K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.0M, and assets of $1.7M (revenue +72.1% year-over-year).
- 2022: Revenue of $723K, expenses of $766K, and assets of $1.4M (revenue +8.2% year-over-year).
- 2021: Revenue of $669K, expenses of $698K, and assets of $1.5M (revenue +38.7% year-over-year).
- 2020: Revenue of $482K, expenses of $575K, and assets of $1.5M (revenue -34.2% year-over-year).
- 2019: Revenue of $733K, expenses of $657K, and assets of $1.6M (revenue +38.9% year-over-year).
- 2018: Revenue of $527K, expenses of $644K, and assets of $1.5M (revenue +3.4% year-over-year).
- 2017: Revenue of $510K, expenses of $659K, and assets of $1.6M (revenue -16.7% year-over-year).
- 2016: Revenue of $613K, expenses of $677K, and assets of $1.7M (revenue -1.3% year-over-year).
- 2015: Revenue of $621K, expenses of $475K, and assets of $1.9M (revenue +86.4% year-over-year).
- 2014: Revenue of $333K, expenses of $464K, and assets of $1.7M (revenue -21.6% year-over-year).
- 2013: Revenue of $425K, expenses of $464K, and assets of $1.8M (revenue +24.7% year-over-year).
- 2012: Revenue of $340K, expenses of $576K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermont Folklife Center:
Data Sources and Methodology
This transparency report for Vermont Folklife Center 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.