Society of St Vincent de Paul Conference of St Marys of Frederic

Analysis

Society of St Vincent de Paul Conference of St Marys of Frederic is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Society of St Vincent de Paul Conference of St Marys of Frederic reported income of $321k and spending of $375k, spending 117% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income grew from $229k to $321k (+40%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 32%. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Society of St Vincent de Paul Conference of St Marys of Frederic sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Tree Ministries ($321k), Massachusetts Baptist Multicultural Ministries Inc ($322k) and American Vision Inc ($321k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $265k against liabilities of $0, net assets of $265k.

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.