Society of St Vincent de Paul in the Archdiocese of Boston Inc

Analysis

Society of St Vincent de Paul in the Archdiocese of Boston Inc is a registered charity in United States, based in Stoughton, MA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Society of St Vincent de Paul in the Archdiocese of Boston Inc reported income of $6.3m and spending of $5.6m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.5m to $6.3m (+41%), an average of +9.0% a year. The sharpest change came in the year to September 2021, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of St Vincent de Paul in the Archdiocese of Boston Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include National Church Residences ($6.3m), Central Intercollegiate Athletic Assn ($6.3m) and Urban Arts Partnership ($6.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $221k (3.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $17.7m against liabilities of $4.2m, net assets of $13.6m. It reported 88 employees.