Society of St Vincent Depaul Inc

Analysis

Society of St Vincent Depaul Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 December 2023, Society of St Vincent Depaul Inc reported income of $491k and spending of $547k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $551k to $491k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of St Vincent Depaul Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within WV. Charities of a similar size with the same main cause include Catholic Social Service Endowment Fund ($491k), Williamson County Casa Inc ($491k) and St Joseph Education Endowment Fund Inc ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Other salaries and wages came to $341k. At year end it held assets of $479k against liabilities of $53k, net assets of $426k. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.