Society of St Vincent de Paul Council of Northern Kentucky Inc

Analysis

Society of St Vincent de Paul Council of Northern Kentucky Inc is a registered charity in United States, based in Erlanger, KY. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Society of St Vincent de Paul Council of Northern Kentucky Inc reported income of $5.0m and spending of $4.4m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.6m to $5.0m (+92%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 40%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Society of St Vincent de Paul Council of Northern Kentucky Inc 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 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Aging & Family Services of Mineral County Inc ($5.0m), Young Mens Christian Association of Kingston and Ulster County ($5.0m) and Four-Square Community Action Inc ($5.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $100k (2.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.6m against liabilities of $1.4m, net assets of $3.2m. It reported 157 employees.