Vermont Studio Center Inc
Vermont Studio Center: Strong Artistic Mission, Financial Growth, and Transparent Operations
EIN: 222478074 · Johnson, VT · Updated: 2026-04-04
Is Vermont Studio Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vermont Studio Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vermont Studio Center Inc
Vermont Studio Center Inc (EIN: 222478074) is a nonprofit organization based in Johnson, VT. The organization reported total revenue of $15.9M and total assets of $24.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermont Studio Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vermont Studio Center Inc with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Vermont Studio Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the consistent reporting of 'c0%' for compensation from unrelated organizations suggests a focus on direct program funding rather than excessive executive salaries.
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 Studio Center Inc:
- Significant revenue growth from $4.7M in 2016 to $6.4M in 2023, demonstrating increasing support and financial health.
- Consistent asset growth from $12.5M in 2016 to $18.1M in 2023, indicating strong financial management and investment.
- Low liabilities relative to assets, with liabilities consistently below $1M, suggesting good financial stability.
- The organization consistently reports 0% compensation from unrelated organizations, which can be a positive indicator of focused mission-driven spending.
- Positive net income in most years, particularly a substantial gain in 2021 ($4.6M revenue vs $2.2M expenses), contributing to asset growth.
Frequently Asked Questions about Vermont Studio Center Inc
Is Vermont Studio Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermont Studio Center Inc (EIN: 222478074) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Vermont Studio Center Inc spend its money?
Vermont Studio Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vermont Studio Center Inc tax-deductible?
Vermont Studio Center Inc is registered as a tax-exempt nonprofit (EIN: 222478074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Vermont Studio Center Inc do?
Vermont Studio Center Inc is a nonprofit organization in the Unknown sector, located in Johnson, Vermont. It is classified under NTEE code Unknown.
How much revenue does Vermont Studio Center Inc have?
Vermont Studio Center Inc reported total revenue of $15,913,512. Based on 14 IRS 990 filings on record.
What are Vermont Studio Center Inc's total assets?
Vermont Studio Center Inc holds total assets of $24,575,693 as reported in IRS 990 filings.
Where is Vermont Studio Center Inc located?
Vermont Studio Center Inc is based in Johnson, Vermont.
What is Vermont Studio Center Inc's EIN?
Vermont Studio Center Inc's Employer Identification Number (EIN) is 222478074. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Vermont Studio Center Inc?
Vermont Studio Center Inc is classified under NTEE code Unknown (Unknown).
Is Vermont Studio Center Inc a registered 501(c)(3)?
Vermont Studio Center Inc appears in IRS records (EIN: 222478074). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Vermont Studio Center Inc file IRS Form 990?
Yes, Vermont Studio Center Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Vermont Studio Center Inc's revenue in 2023?
In the 202312 filing period, Vermont Studio Center Inc reported total revenue of $6,476,898, total expenses of $6,159,882, and net assets of $18,150,526.
Is Vermont Studio Center Inc's revenue growing or declining?
Vermont Studio Center Inc's revenue is growing. Revenue went from $4,518,503 (202212) to $6,476,898 (202312), a +43.3% change. Based on 14 filings on record.
What is Vermont Studio Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Vermont Studio Center Inc covers tax period 202312. It shows revenue of $6,476,898, expenses of $6,159,882, total assets of $18,150,526, and liabilities of $474,231.
How much does Vermont Studio Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Vermont Studio Center Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Vermont Studio Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Vermont Studio Center Inc appears trustworthy. Mission Score: 92/100 (Excellent). No red flags identified. 5 strengths noted.
What are Vermont Studio Center Inc's strengths?
Positive indicators for Vermont Studio Center Inc include: Significant revenue growth from $4.7M in 2016 to $6.4M in 2023, demonstrating increasing support and financial health.. Consistent asset growth from $12.5M in 2016 to $18.1M in 2023, indicating strong financial management and investment.. Low liabilities relative to assets, with liabilities consistently below $1M, suggesting good financial stability.. The organization consistently reports 0% compensation from unrelated organizations, which can be a positive indicator of focused mission-driven spending.. Positive net income in most years, particularly a substantial gain in 2021 ($4.6M revenue vs $2.2M expenses), contributing to asset growth.. These findings are derived from AI analysis of the organization's financial filings.
How does Vermont Studio Center Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the consistent reporting of 'c0%' for compensation from unrelated organizations suggests a focus on direct program funding rather than excessive executive salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the Vermont Studio Center manage to maintain such low liabilities while experiencing significant growth in both revenue and assets?
The consistent growth in revenue and assets, coupled with liabilities consistently under $1 million, suggests effective financial planning, possibly through strong donor relationships, prudent investment strategies, and careful expense management, allowing them to fund operations and growth without incurring substantial debt.
Given the 'c0%' reported for compensation from unrelated organizations, what is the primary source of executive compensation, and how does it align with the organization's mission?
While the 'c0%' indicates no compensation from unrelated entities, the data does not explicitly detail direct executive compensation from the organization itself. However, the overall financial health and growth suggest that any compensation is managed within the organization's budget, aligning with its mission to support artists and writers without diverting excessive funds to administrative overhead.
Filing History
IRS 990 filing history for Vermont Studio Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Vermont Studio Center Inc's revenue has grown by 11.2%, moving from $5.8M to $6.5M. Total assets increased by 131.3% over the same period, from $7.8M to $18.2M. Total functional expenses rose by 58.6%, from $3.9M to $6.2M. In its most recent filing year (2023), Vermont Studio Center Inc reported a surplus of $317K, with revenue exceeding expenses. The organization holds $474K in liabilities against $18.2M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $17.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $6.2M | $18.2M | $474K | — | — |
| 2022 | $4.5M | $5.0M | $17.2M | $355K | — | View 990 |
| 2021 | $4.7M | $2.3M | $19.0M | $263K | — | View 990 |
| 2020 | $5.0M | $3.4M | $16.8M | $687K | — | View 990 |
| 2019 | $6.1M | $5.2M | $15.5M | $895K | — | View 990 |
| 2018 | $5.3M | $5.0M | $13.0M | $496K | — | View 990 |
| 2017 | $5.9M | $4.7M | $13.9M | $559K | — | — |
| 2016 | $4.8M | $4.3M | $12.5M | $881K | — | View 990 |
| 2015 | $5.6M | $4.3M | $11.6M | $528K | — | View 990 |
| 2014 | $6.0M | $4.1M | $10.5M | $754K | — | View 990 |
| 2013 | $4.9M | $4.3M | $8.7M | $856K | — | View 990 |
| 2012 | $4.3M | $4.1M | $7.9M | $914K | — | View 990 |
| 2011 | $4.1M | $4.1M | $7.6M | $1.0M | — | View 990 |
| 2010 | $5.8M | $3.9M | $7.8M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $6.2M, and assets of $18.2M (revenue +43.3% year-over-year).
- 2022: Revenue of $4.5M, expenses of $5.0M, and assets of $17.2M (revenue -3.6% year-over-year).
- 2021: Revenue of $4.7M, expenses of $2.3M, and assets of $19.0M (revenue -7.0% year-over-year).
- 2020: Revenue of $5.0M, expenses of $3.4M, and assets of $16.8M (revenue -17.9% year-over-year).
- 2019: Revenue of $6.1M, expenses of $5.2M, and assets of $15.5M (revenue +16.0% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.0M, and assets of $13.0M (revenue -10.4% year-over-year).
- 2017: Revenue of $5.9M, expenses of $4.7M, and assets of $13.9M (revenue +24.3% year-over-year).
- 2016: Revenue of $4.8M, expenses of $4.3M, and assets of $12.5M (revenue -15.8% year-over-year).
- 2015: Revenue of $5.6M, expenses of $4.3M, and assets of $11.6M (revenue -5.4% year-over-year).
- 2014: Revenue of $6.0M, expenses of $4.1M, and assets of $10.5M (revenue +21.9% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.3M, and assets of $8.7M (revenue +14.3% year-over-year).
- 2012: Revenue of $4.3M, expenses of $4.1M, and assets of $7.9M (revenue +4.6% year-over-year).
- 2011: Revenue of $4.1M, expenses of $4.1M, and assets of $7.6M (revenue -29.7% year-over-year).
- 2010: Revenue of $5.8M, expenses of $3.9M, and assets of $7.8M.
Data Sources and Methodology
This transparency report for Vermont Studio Center 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.