Society of St Vincent Depaul in the Diocese of Brooklyn

Analysis

Society of St Vincent Depaul in the Diocese of Brooklyn 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society of St Vincent Depaul in the Diocese of Brooklyn reported income of $177k and spending of $515k, spending 290% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $177k (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 404%. Over the whole period it spent 151% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Society of St Vincent Depaul in the Diocese of Brooklyn sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Children of Christ Inc ($177k), Poverty Resistance Food Pantry ($177k) and Low Vision Resource Center ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. Compensation of current officers, directors and key employees was $9,600 (1.9% of expenses). At year end it held assets of $4.8m against liabilities of $30k, net assets of $4.8m.