Vermont Hand Crafters Inc
Vermont Hand Crafters: Declining Revenue, High Administrative Costs
EIN: 222505170 · Westford, VT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $82K |
| Total Expenses | $98K |
| Program Spending | 50% |
| Net Assets | $29K |
| Transparency Score | 65/100 |
Is Vermont Hand Crafters Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vermont Hand Crafters Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Vermont Hand Crafters Inc
Vermont Hand Crafters Inc (EIN: 222505170) is a nonprofit organization based in Westford, VT. The organization reported total revenue of $82K and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermont Hand Crafters Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermont Hand Crafters Inc is a micro nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82K |
| Total Expenses | $98K |
| Surplus / Deficit | $-15,423 |
| Total Assets | $29K |
| Net Assets | $29K |
| Operating Margin | -18.7% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2023, Vermont Hand Crafters Inc reported a deficit of $15K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Vermont Hand Crafters Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | -3.7% | -34.8% |
| 2022 | +342.2% | +144.7% | -5.9% |
| 2021 | -62.6% | -39.8% | -29.0% |
| 2020 | -67.4% | -60.3% | -12.3% |
| 2019 | +7.3% | -4.3% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 Hand Crafters Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Vermont Hand Crafters Inc allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific figures are provided in the available data.
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 Hand Crafters Inc's IRS 990 filings:
- Significant decline in revenue from $183,326 in 2019 to $82,497 in 2023, indicating potential sustainability issues.
- Expenses consistently exceed revenue in recent years (e.g., $97,920 expenses vs. $82,497 revenue in 2023), leading to net losses.
- Lack of detailed breakdown for administrative vs. program expenses in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Vermont Hand Crafters Inc:
- Consistent filing of financial data over several years provides a historical view of financial performance.
Frequently Asked Questions about Vermont Hand Crafters Inc
Is Vermont Hand Crafters Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermont Hand Crafters Inc (EIN: 222505170) some concerns. Mission Score: 65/100. 3 red flags identified, 1 strength noted.
How does Vermont Hand Crafters Inc spend its money?
Vermont Hand Crafters Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vermont Hand Crafters Inc tax-deductible?
Vermont Hand Crafters Inc is registered as a tax-exempt nonprofit (EIN: 222505170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vermont Hand Crafters Inc's spending goes to programs?
Vermont Hand Crafters Inc directs 50% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Vermont Hand Crafters Inc located?
Vermont Hand Crafters Inc is headquartered in Westford, Vermont and files with the IRS under EIN 222505170.
How many years of IRS 990 filings does Vermont Hand Crafters Inc have?
Vermont Hand Crafters Inc has 13 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 $82K in total revenue.
What does Vermont Hand Crafters Inc do?
Vermont Hand Crafters Inc is a nonprofit organization in the Unknown sector, located in Westford, Vermont. It is classified under NTEE code Unknown.
How much revenue does Vermont Hand Crafters Inc have?
Vermont Hand Crafters Inc reported total revenue of $82,497. Based on 13 IRS 990 filings on record.
What are Vermont Hand Crafters Inc's total assets?
Vermont Hand Crafters Inc holds total assets of $28,880 as reported in IRS 990 filings.
Where is Vermont Hand Crafters Inc located?
Vermont Hand Crafters Inc is based in Westford, Vermont.
What is Vermont Hand Crafters Inc's EIN?
Vermont Hand Crafters Inc's Employer Identification Number (EIN) is 222505170. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Vermont Hand Crafters Inc?
Vermont Hand Crafters Inc is classified under NTEE code Unknown (Unknown).
Is Vermont Hand Crafters Inc a registered 501(c)(3)?
Vermont Hand Crafters Inc appears in IRS records (EIN: 222505170). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Vermont Hand Crafters Inc file IRS Form 990?
Yes, Vermont Hand Crafters Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Vermont Hand Crafters Inc's revenue in 2023?
In the 202312 filing period, Vermont Hand Crafters Inc reported total revenue of $82,497, total expenses of $97,920, and net assets of $28,880.
Is Vermont Hand Crafters Inc's revenue growing or declining?
Vermont Hand Crafters Inc's revenue is declining. Revenue went from $98,928 (202212) to $82,497 (202312), a -16.6% change. Based on 13 filings on record.
What is Vermont Hand Crafters Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Vermont Hand Crafters Inc covers tax period 202312. It shows revenue of $82,497, expenses of $97,920, total assets of $28,880, and liabilities of N/A.
How much does Vermont Hand Crafters Inc spend on programs vs administration?
Based on IRS 990 analysis, Vermont Hand Crafters Inc allocates approximately 50% of expenses to program services, 40% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Vermont Hand Crafters Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Vermont Hand Crafters Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Vermont Hand Crafters Inc?
The following concerns were identified: Significant decline in revenue from $183,326 in 2019 to $82,497 in 2023, indicating potential sustainability issues.. Expenses consistently exceed revenue in recent years (e.g., $97,920 expenses vs. $82,497 revenue in 2023), leading to net losses.. Lack of detailed breakdown for administrative vs. program expenses in the provided data makes it difficult to fully assess spending efficiency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Vermont Hand Crafters Inc's strengths?
Positive indicators for Vermont Hand Crafters Inc include: Consistent filing of financial data over several years provides a historical view of financial performance.. These findings are derived from AI analysis of the organization's financial filings.
How does Vermont Hand Crafters Inc compensate executives?
Executive compensation cannot be assessed as no specific figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Vermont Hand Crafters Inc?
- Financial filings are consistently available, showing revenue and expense trends. - No specific program details or impact metrics are readily available in the provided data. - Executive compensation details are not disclosed in the provided financial summaries. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent decline in revenue and net losses, what strategies are being implemented to reverse these trends and ensure long-term financial viability?
The provided data does not offer insights into strategic initiatives. A deeper dive into their operational reports or interviews would be necessary to understand their plans for revenue generation and cost control.
Filing History
IRS 990 filing history for Vermont Hand Crafters Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vermont Hand Crafters Inc's revenue has declined by 55.6%, moving from $186K to $82K. Total assets decreased by 37.3% over the same period, from $46K to $29K. Total functional expenses fell by 45.8%, from $181K to $98K. In its most recent filing year (2023), Vermont Hand Crafters Inc reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82K | $98K | $29K | $0 | — | — |
| 2022 | $99K | $102K | $44K | $0 | — | View 990 |
| 2021 | $22K | $42K | $47K | $0 | — | View 990 |
| 2020 | $60K | $69K | $66K | $0 | — | — |
| 2019 | $183K | $174K | $76K | $0 | — | View 990 |
| 2018 | $171K | $182K | $66K | $0 | — | View 990 |
| 2017 | $174K | $158K | $77K | $0 | — | View 990 |
| 2016 | $174K | $140K | $61K | $0 | — | View 990 |
| 2015 | $165K | $165K | $27K | $0 | — | View 990 |
| 2014 | $157K | $173K | $27K | $0 | — | View 990 |
| 2013 | $169K | $159K | $44K | $0 | — | View 990 |
| 2012 | $156K | $167K | $34K | $0 | — | View 990 |
| 2011 | $186K | $181K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82K, expenses of $98K, and assets of $29K (revenue -16.6% year-over-year).
- 2022: Revenue of $99K, expenses of $102K, and assets of $44K (revenue +342.2% year-over-year).
- 2021: Revenue of $22K, expenses of $42K, and assets of $47K (revenue -62.6% year-over-year).
- 2020: Revenue of $60K, expenses of $69K, and assets of $66K (revenue -67.4% year-over-year).
- 2019: Revenue of $183K, expenses of $174K, and assets of $76K (revenue +7.3% year-over-year).
- 2018: Revenue of $171K, expenses of $182K, and assets of $66K (revenue -1.9% year-over-year).
- 2017: Revenue of $174K, expenses of $158K, and assets of $77K (revenue +0.3% year-over-year).
- 2016: Revenue of $174K, expenses of $140K, and assets of $61K (revenue +5.6% year-over-year).
- 2015: Revenue of $165K, expenses of $165K, and assets of $27K (revenue +5.0% year-over-year).
- 2014: Revenue of $157K, expenses of $173K, and assets of $27K (revenue -7.5% year-over-year).
- 2013: Revenue of $169K, expenses of $159K, and assets of $44K (revenue +8.8% year-over-year).
- 2012: Revenue of $156K, expenses of $167K, and assets of $34K (revenue -16.2% year-over-year).
- 2011: Revenue of $186K, expenses of $181K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermont Hand Crafters Inc:
Data Sources and Methodology
This transparency report for Vermont Hand Crafters 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.