Manasota District Council St Vincent Depaul Thrift Store Inc

Analysis

Manasota District Council St Vincent Depaul Thrift Store Inc is a registered charity in United States, based in Bradenton, FL. 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, Manasota District Council St Vincent Depaul Thrift Store Inc reported income of $422k and spending of $734k, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $422k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manasota District Council St Vincent Depaul Thrift Store Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include African American Empowerment Coalition ($422k), Big Horn Basin Association Adolescent Programs ($422k) and Foundation for Applied Technical Vocational Education Inc ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $60k (8.2% of expenses). Other salaries and wages came to $38k. At year end it held assets of $275k against liabilities of $2,607, net assets of $272k. It reported 7 employees.