Society of St Vincent de Paul Diocesan Council of Owensboro Inc

Analysis

Society of St Vincent de Paul Diocesan Council of Owensboro Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 de Paul Diocesan Council of Owensboro Inc reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $1.9m to $2.7m (+45%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Society of St Vincent de Paul Diocesan Council of Owensboro Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include El Pueblo Community Development Corporation ($2.7m), Medina County Sheltered Industries Inc ($2.7m) and Abilities Without Boundries Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Other salaries and wages came to $361k. At year end it held assets of $2.2m against liabilities of $805k, net assets of $1.4m. It reported 9 employees.