Society of St Vincent de Paul of the Joliet Diocesan Council Inc

Analysis

Society of St Vincent de Paul of the Joliet Diocesan Council Inc is a registered charity in United States, based in Oakbrook Terrace, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Society of St Vincent de Paul of the Joliet Diocesan Council Inc reported income of $3.5m and spending of $3.2m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.9m to $3.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to September 2021, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of St Vincent de Paul of the Joliet Diocesan Council Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Advent House Ministries Inc ($3.5m), Calvary Episcopal School ($3.5m) and Fox Valley Older Adult Services ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $1.8m against liabilities of $1.1m, net assets of $695k. It reported 104 employees.