Central Council of the Society of St Vincent de Paul in the Diocese

Analysis

Central Council of the Society of St Vincent de Paul in the Diocese is a registered charity in United States, based in Bethpage, NY. It received its IRS tax-exemption ruling in January 2009, 17 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, Central Council of the Society of St Vincent de Paul in the Diocese reported income of $6.7m and spending of $7.5m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $7.0m to $6.7m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Council of the Society of St Vincent de Paul in the Diocese sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Northern California Child Development Inc ($6.7m), Clinton Housing Development Company Inc ($6.7m) and The International Wilderness Leadership Foundation Inc ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.3% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $387k (5.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $7.3m against liabilities of $1.4m, net assets of $5.9m. It reported 99 employees.