Central Vermont Economic Development Corporation
Public records raise at least one point you should look into before giving.
What it says it does
INDUSTRIAL AND COMMERCIAL DEVELOPMENT.
- Income
- $351,285
- Spending
- $539,713
- Employees
- 7
- Volunteers
- 20
- Highest pay
- $90,507, former ex. d
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $485,742 spent. ECONOMIC DEVELOPMENT PROGRAM - THIS PROGRAM FOCUSES ON PROMOTING SOUND ECONOMIC DEVELOPMENT, COORDINATES PUBLIC AND PRIVATE EFFORTS DIRECTED TOWARD THE ATTRACTION, ENCOURAGEMENT, FINANCING, AND DEVELOPMENT OF DESIRABLE PRIVATE INDUSTRY TO FOSTER, ENCOURAGE, AND ASSIST THE PHYSICAL LOCATION AND EXPANSION OF BUSINESS ENTERPRISES IN WASHINGTON COUNTY AND THREE TOWNS IN ORANGE COUNTY (WASHINGTON, WILLIAMSTOWN AND ORANGE). THE PROGRAM ALSO COOPERATES WITH EXISTING LOCAL DEVELOPMENT GROUPS TO ATTAIN MUTUAL OBJECTIVES, INCLUDING BY WAY OF ILLUSTRATION THE SHARING OF EXPENSES, ASSUMING RESPONSIBILITY FOR COMPLETION OF EXISTING PROJECTS, AND PROMOTING LOCAL PROJECTS IN THE REGION SERVED. LASTLY, THE PROGRAM ENTERS INTO FINANCING ARRANGEMENTS FOR THE FURTHERANCE OF ECONOMIC DEVELOPMENT.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 1976.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Rural Economic Development Center Inc (Raleigh, NC), EIN 56-1552375. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.