Saint Vincents Services Inc

Analysis

Saint Vincents Services Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Vincents Services Inc reported income of $15.6m and spending of $14.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.8m to $15.6m (+22%), an average of +5.2% a year. The sharpest change came in the year to June 2020, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saint Vincents Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Family Service Association of Lincoln ($15.6m), Calvary Fellowship Homes Inc ($15.6m) and Journey Health Foundation ($15.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $257k (1.8% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $9.9m against liabilities of $2.3m, net assets of $7.6m. It reported 425 employees.