St Vincent de Paul Place Norwich Inc

Analysis

St Vincent de Paul Place Norwich Inc is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, St Vincent de Paul Place Norwich Inc reported income of $3.5m and spending of $2.8m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $3.5m (+77%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Vincent de Paul Place Norwich 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 88th percentile within CT. Charities of a similar size with the same main cause include Friends of the St Paul Public Library ($3.5m), Community Coordinated Child Care of Union County Inc ($3.5m) and Brunswick Academy Association Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.5m against liabilities of $31k, net assets of $2.4m.