St Vincent Depaul Place Middletown Inc

Analysis

St Vincent Depaul Place Middletown Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Vincent Depaul Place Middletown Inc reported income of $3.3m and spending of $3.3m, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $2.3m to $3.3m (+46%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Vincent Depaul Place Middletown Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Cal-Pep ($3.3m), YWCA of Palm Beach County Inc ($3.3m) and Sigma Beta XI Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $143k (4.3% of expenses). Other salaries and wages came to $750k. At year end it held assets of $1.2m against liabilities of $64k, net assets of $1.2m.