Vincentian Cares Inc

Analysis

Vincentian Cares Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in May 2014, 12 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, Vincentian Cares Inc reported income of $50.3m and spending of $53.5m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $14.6m to $50.3m (+245%), an average of +36% a year. The sharpest change came in the year to September 2021, when income rose by 119%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vincentian Cares Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Childrens Home of Cincinnati Ohio Inc ($50.1m), East Bay Community Action Program ($50.3m) and Young Mens Christian Association of Orange County ($50.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $345k (0.6% of expenses). Other salaries and wages came to $14.9m. At year end it held assets of $32.7m against liabilities of $16.4m, net assets of $16.3m. It reported 435 employees.