Society of St Vincent de Paul SVDP Rhode Island

Analysis

Society of St Vincent de Paul SVDP Rhode Island is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in May 2019, 7 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 SVDP Rhode Island reported income of $2.7m and spending of $2.9m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $766k to $2.7m (+257%), an average of +37% a year. The sharpest change came in the year to September 2021, when income rose by 248%. Over the whole period it spent 91% 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 SVDP Rhode Island sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within RI. Charities of a similar size with the same main cause include YWCA New Hampshire ($2.7m), Mission Border Hope ($2.7m) and Healthvisions Midwest Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $42k (1.4% of expenses). Other salaries and wages came to $153k. At year end it held assets of $2.2m against liabilities of $349k, net assets of $1.8m. It reported 9 employees.