Society of St Vincent de Paul

Analysis

Society of St Vincent de Paul is a registered charity in United States, based in Buffalo, NY. 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, Society of St Vincent de Paul reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of St Vincent de Paul sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Near West Side Community Development Corporation Inc ($2.4m), Barstow Senior Citizen Center ($2.4m) and Jefferson County Area Agency on Aging ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $93k (4.0% of expenses). Other salaries and wages came to $503k. At year end it held assets of $2.7m against liabilities of $140k, net assets of $2.6m. It reported 32 employees.