Society of St Vincent de Paul St Charles Borromeo Conference Inc

Analysis

Society of St Vincent de Paul St Charles Borromeo Conference Inc is a registered charity in United States, based in Port Charlotte, FL. It received its IRS tax-exemption ruling in August 2013, 13 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 St Charles Borromeo Conference Inc reported income of $83k and spending of $110k, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $351k to $83k (-76%), an average of -30% a year. The sharpest change came in the year to September 2022, when income dropped by 69%. Over the whole period it spent 104% 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 St Charles Borromeo Conference Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Mountain Valley Hospice Foundationinc ($83k), Gatherfor Inc ($83k) and Smithville Food Pantry ($83k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.

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.