St Vincents Services Inc

Analysis

St Vincents Services Inc is a registered charity in United States, based in Brooklyn, NY. 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, St Vincents Services Inc reported income of $65.1m and spending of $65.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.0m to $65.1m (+41%), an average of +9.1% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Vincents Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Feeding America Riverside and San Bernardino Counties ($64.8m), Hattie Larlham Center for Children with Disabilities ($65.1m) and Wesley Homes ($64.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $193k (0.3% of expenses). Other salaries and wages came to $27.2m. At year end it held assets of $51.4m against liabilities of $55.6m, net assets of -$4.2m. It reported 684 employees.