The Society of St Vincent de Paul in the Archdiocese of Detroit

Analysis

The Society of St Vincent de Paul in the Archdiocese of Detroit is a registered charity in United States, based in Detroit, MI. 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, The Society of St Vincent de Paul in the Archdiocese of Detroit reported income of $17.5m and spending of $16.7m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.5m to $17.5m (+5.8%), an average of +1.4% a year. The sharpest change came in the year to September 2021, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Society of St Vincent de Paul in the Archdiocese of Detroit sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Rose-Mary the Johanna Grasselli Rehabilitation & Education Center ($17.5m), Community Living Inc ($17.5m) and Selfhelp Home Inc ($17.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $173k (1.0% of expenses). Other salaries and wages came to $2.8m. It paid $155k in professional fundraising fees. At year end it held assets of $17.9m against liabilities of $4.8m, net assets of $13.1m.