Diocesan Council of Marquette Mi Society of St Vincent de Paul

Analysis

Diocesan Council of Marquette Mi Society of St Vincent de Paul is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in February 2007, 19 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, Diocesan Council of Marquette Mi Society of St Vincent de Paul reported income of $4.9m and spending of $5.0m, spending 102% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $3.9m to $4.9m (+28%), an average of +8.5% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Diocesan Council of Marquette Mi Society of St Vincent de Paul sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Arizona Youth & Family Services Inc ($4.9m), Marys Mission Development Ctr ($4.9m) and Gogebic-Ontonagon Community Action Agency ($4.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $45k (0.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $8.9m against liabilities of $116k, net assets of $8.8m. It reported 159 employees.