Society of St Vincent de Paul Council of Seattle-King County

Analysis

Society of St Vincent de Paul Council of Seattle-King County is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Council of Seattle-King County reported income of $11.8m and spending of $13.2m, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $13.1m to $11.8m (-9.7%), an average of -2.5% a year. The sharpest change came in the year to September 2021, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Society of St Vincent de Paul Council of Seattle-King County 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 96th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include United States Catholic Conference ($11.8m), Help Inc ($11.9m) and Harmonium Inc ($11.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $4.0m. At year end it held assets of $19.9m against liabilities of $7.4m, net assets of $12.5m. It reported 129 employees.