Grand Traverse Area St Vincent de Paul

Analysis

Grand Traverse Area St Vincent de Paul is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Grand Traverse Area St Vincent de Paul reported income of $431k and spending of $406k, spending 94% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $230k to $431k (+88%), an average of +37% a year. The sharpest change came in the year to September 2022, when income rose by 74%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grand Traverse Area St Vincent de Paul sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Riverwalk Adult Day Services ($431k), New Heights Foundation ($431k) and Northland Ministerial Association ($431k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $477k against liabilities of $4,200, net assets of $473k.