St Vincent de Paul Salvage Bureau Inc

Analysis

St Vincent de Paul Salvage Bureau Inc is a registered charity in United States, based in Olean, 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, St Vincent de Paul Salvage Bureau Inc reported income of $71k and spending of $85k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $71k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Vincent de Paul Salvage Bureau Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Lions Club Foundation of New Freedom ($71k), Office John Hege Memorial Fund ($71k) and Action Food Pantry Covina ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.8% of the total. At year end it held assets of $297k against liabilities of $1,696, net assets of $296k.