St Vitus Endowment Corporation

Analysis

St Vitus Endowment Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, St Vitus Endowment Corporation reported income of $464k and spending of $685k, spending 148% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $1.1m to $464k (-57%), an average of -34% a year. The sharpest change came in the year to June 2022, when income dropped by 70%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Vitus Endowment Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Union Foundation US ($463k), Centrihall Chinese Christian Education Services Inc ($464k) and Wespine Study Center Inc ($463k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $7.1m against liabilities of $518k, net assets of $6.6m.