Vincentian Home

Analysis

Vincentian Home is a registered charity in United States, based in Pittsburgh, PA. 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vincentian Home reported income of $27.9m and spending of $32.3m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.8m to $27.9m (-9.3%), an average of -2.4% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vincentian Home sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Crossroads Health ($27.9m), Center Point Inc ($27.9m) and Manet Community Health Center Inc ($27.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Other salaries and wages came to $13.8m. At year end it held assets of $87.7m against liabilities of $35.7m, net assets of $52.0m. It reported 340 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.