St Vincents Institution

Analysis

St Vincents Institution is a registered charity in United States, based in Santa Barbara, CA. 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 June 2024, St Vincents Institution reported income of $9.4m and spending of $12.9m, spending 138% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.2m to $9.4m (+52%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Vincents Institution 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 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Pga Foundation Inc ($9.4m), Southwest Center for Independent Living ($9.4m) and Hanover Area YMCA ($9.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $627k (4.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $28.3m against liabilities of $28.2m, net assets of $94k. It reported 77 employees.