St Vincent and Sarah Fisher Center

Analysis

St Vincent and Sarah Fisher Center is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, St Vincent and Sarah Fisher Center reported income of $1.3m and spending of $2.5m, spending 199% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $983k to $1.3m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Vincent and Sarah Fisher Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Apex Professional Services Inc ($1.3m), Crossroads Ministry of Estes Park Inc ($1.3m) and KB Foundation of Texas ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $329k (13% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.2m against liabilities of $527k, net assets of $6.7m. It reported 23 employees.