Society of St Vincent Depaul Council of Louisville

Analysis

Society of St Vincent Depaul Council of Louisville is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Society of St Vincent Depaul Council of Louisville reported income of $9.9m and spending of $8.9m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.8m to $9.9m (+46%), an average of +9.9% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Society of St Vincent Depaul Council of Louisville sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include The Boulevard of Chicago Inc ($9.9m), Rondo Community Land Trust ($9.9m) and Wesley Homes Pierce County ($9.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $81k (0.9% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $13.7m against liabilities of $2.4m, net assets of $11.3m. It reported 154 employees.