St Vincent de Paul Residence

Analysis

St Vincent de Paul Residence is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, St Vincent de Paul Residence reported income of $20.7m and spending of $23.4m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.1m to $20.7m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Vincent de Paul Residence 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Portland Community Health Center ($20.7m), Madison Healthcare Services ($20.7m) and Phoebe Richland Health Care Center ($20.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $249k (1.1% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $14.2m against liabilities of $16.1m, net assets of -$1.9m. It reported 193 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.