St Vincent Depaul Stores

Analysis

St Vincent Depaul Stores is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1942, 84 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 September 2023, St Vincent Depaul Stores reported income of $18.1m and spending of $17.2m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.7m to $18.1m (+43%), an average of +9.3% a year. The sharpest change came in the year to September 2021, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Vincent Depaul Stores sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Sga Youth & Family Services NFP ($18.1m), Legacy Link Inc ($18.1m) and Children and Families of Iowa ($18.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $147k (0.9% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $17.1m against liabilities of $1.5m, net assets of $15.6m. It reported 629 employees.