Diocesan Council of Toledo Society of St Vincent de Paul

Analysis

Diocesan Council of Toledo Society of St Vincent de Paul is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Diocesan Council of Toledo Society of St Vincent de Paul reported income of $492k and spending of $443k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $65k to $492k (+661%), an average of +66% a year. The sharpest change came in the year to September 2020, when income rose by 383%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Diocesan Council of Toledo Society of St Vincent de Paul sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Pathway Vineyard Church of Woodbridge Inc ($491k), Bibles for China Inc ($492k) and Open Hand Ministries Inc ($491k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.2% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $30k (6.8% of expenses). Other salaries and wages came to $213k. At year end it held assets of $1.2m against liabilities of $14k, net assets of $1.2m. It reported 24 employees.