St Vincents Foundation Inc
St. Vincent's Foundation: Declining Revenue, Strong Assets, and High Administrative Costs
EIN: 222558132 · Bridgeport, CT · NTEE: E110 · Updated: 2026-04-04
Is St Vincents Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Vincents Foundation Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About St Vincents Foundation Inc
St Vincents Foundation Inc (EIN: 222558132) is a nonprofit organization based in Bridgeport, CT, classified under NTEE code E110. The organization reported total revenue of $10.5M and total assets of $50.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Vincents Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Vincents Foundation Inc is a large nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-152,261 |
| Total Assets | $42.2M |
| Total Liabilities | $8.1M |
| Net Assets | $34.1M |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 260.0 months |
Financial Health Grade: B
In 2023, St Vincents Foundation Inc reported a deficit of $152K with expenses exceeding revenue, holds 260.0 months of operating reserves (strong position), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Vincents Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.4% | -9.3% | +13.5% |
| 2022 | -43.4% | -14.1% | -17.2% |
| 2021 | +4.9% | -60.6% | +9.1% |
| 2020 | -44.8% | +23.2% | +7.4% |
| 2019 | -36.9% | -23.5% | -20.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates St Vincents Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, St Vincents Foundation Inc allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $152K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of St Vincents Foundation Inc's IRS 990 filings:
- Revenue has shown a significant decline from $10,505,747 in 2017 to $1,047,682 in 2023.
- Administrative expenses appear high relative to program spending in some years, for example, $2,148,075 in 2022 compared to $1,442,980 in revenue.
- The 'c' field consistently shows '0%', which may indicate a lack of clarity on certain financial classifications or a specific reporting method.
Strengths
The following positive indicators were identified for St Vincents Foundation Inc:
- The foundation maintains substantial assets, with $50,035,227 in 2023, indicating financial stability despite revenue fluctuations.
- The organization has a long operating history, suggesting established community presence.
- The consistent reporting of financial data through 990 filings demonstrates a commitment to basic transparency.
Frequently Asked Questions about St Vincents Foundation Inc
Is St Vincents Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, St Vincents Foundation Inc (EIN: 222558132) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does St Vincents Foundation Inc spend its money?
St Vincents Foundation Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Vincents Foundation Inc tax-deductible?
St Vincents Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222558132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does St Vincents Foundation Inc do?
St Vincents Foundation Inc is a nonprofit organization in the Health Care sector, located in Bridgeport, Connecticut. It is classified under NTEE code E110.
How much revenue does St Vincents Foundation Inc have?
St Vincents Foundation Inc reported total revenue of $10,476,822. Based on 13 IRS 990 filings on record.
What are St Vincents Foundation Inc's total assets?
St Vincents Foundation Inc holds total assets of $50,035,227 as reported in IRS 990 filings.
Where is St Vincents Foundation Inc located?
St Vincents Foundation Inc is based in Bridgeport, Connecticut.
What is St Vincents Foundation Inc's EIN?
St Vincents Foundation Inc's Employer Identification Number (EIN) is 222558132. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is St Vincents Foundation Inc?
St Vincents Foundation Inc is classified under NTEE code E110 (Health Care).
Is St Vincents Foundation Inc a registered 501(c)(3)?
Yes, St Vincents Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222558132.
Does St Vincents Foundation Inc file IRS Form 990?
Yes, St Vincents Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was St Vincents Foundation Inc's revenue in 2023?
In the 202309 filing period, St Vincents Foundation Inc reported total revenue of $1,794,977, total expenses of $1,947,238, and net assets of $42,184,723.
Is St Vincents Foundation Inc's revenue growing or declining?
St Vincents Foundation Inc's revenue is growing. Revenue went from $1,442,980 (202209) to $1,794,977 (202309), a +24.4% change. Based on 13 filings on record.
What is St Vincents Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for St Vincents Foundation Inc covers tax period 202309. It shows revenue of $1,794,977, expenses of $1,947,238, total assets of $42,184,723, and liabilities of $8,067,067.
How much does St Vincents Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, St Vincents Foundation Inc allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is St Vincents Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, St Vincents Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for St Vincents Foundation Inc?
The following concerns were identified: Revenue has shown a significant decline from $10,505,747 in 2017 to $1,047,682 in 2023.. Administrative expenses appear high relative to program spending in some years, for example, $2,148,075 in 2022 compared to $1,442,980 in revenue.. The 'c' field consistently shows '0%', which may indicate a lack of clarity on certain financial classifications or a specific reporting method.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are St Vincents Foundation Inc's strengths?
Positive indicators for St Vincents Foundation Inc include: The foundation maintains substantial assets, with $50,035,227 in 2023, indicating financial stability despite revenue fluctuations.. The organization has a long operating history, suggesting established community presence.. The consistent reporting of financial data through 990 filings demonstrates a commitment to basic transparency.. These findings are derived from AI analysis of the organization's financial filings.
How does St Vincents Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant decline in revenue from $10.5M in 2017 to $1.0M in 2023, what strategic shifts or external factors have contributed to this trend, and how is the foundation adapting its fundraising and operational models to address it?
The provided data does not offer specific explanations for the revenue decline. A deeper dive into annual reports or management discussions would be necessary to understand the strategic shifts or external factors at play and the foundation's adaptive measures.
With assets consistently in the tens of millions (e.g., $50M in 2023), how does the foundation leverage these assets to generate income or support its mission, especially in light of declining direct revenue?
The data indicates substantial assets, but it doesn't detail how these assets are invested or utilized to generate income (e.g., endowment returns) or directly fund programs. Understanding the asset management strategy is crucial for assessing long-term sustainability.
Filing History
IRS 990 filing history for St Vincents Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Vincents Foundation Inc's revenue has declined by 74.5%, moving from $7.0M to $1.8M. Total assets decreased by 3.9% over the same period, from $43.9M to $42.2M. Total functional expenses fell by 84.1%, from $12.2M to $1.9M. In its most recent filing year (2023), St Vincents Foundation Inc reported a deficit of $152K, with expenses exceeding revenue. The organization holds $8.1M in liabilities against $42.2M in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $34.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $42.2M | $8.1M | — | — |
| 2022 | $1.4M | $2.1M | $37.2M | $6.4M | — | — |
| 2021 | $2.5M | $2.5M | $44.9M | $4.7M | — | View 990 |
| 2020 | $2.4M | $6.4M | $41.2M | $5.2M | — | — |
| 2019 | $4.4M | $5.2M | $38.3M | $148K | — | View 990 |
| 2018 | $7.0M | $6.7M | $48.4M | $39.0M | — | View 990 |
| 2017 | $10.5M | $3.5M | $60.9M | $49.3M | — | View 990 |
| 2016 | $5.0M | $4.4M | $49.9M | $40.7M | — | View 990 |
| 2015 | $5.5M | $6.3M | $46.5M | $38.2M | — | View 990 |
| 2014 | $5.9M | $4.9M | $45.8M | $34.4M | — | View 990 |
| 2013 | $5.1M | $9.4M | $44.0M | $34.6M | — | View 990 |
| 2012 | $8.2M | $8.2M | $42.7M | $33.9M | — | View 990 |
| 2011 | $7.0M | $12.2M | $43.9M | $36.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $42.2M (revenue +24.4% year-over-year).
- 2022: Revenue of $1.4M, expenses of $2.1M, and assets of $37.2M (revenue -43.4% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.5M, and assets of $44.9M (revenue +4.9% year-over-year).
- 2020: Revenue of $2.4M, expenses of $6.4M, and assets of $41.2M (revenue -44.8% year-over-year).
- 2019: Revenue of $4.4M, expenses of $5.2M, and assets of $38.3M (revenue -36.9% year-over-year).
- 2018: Revenue of $7.0M, expenses of $6.7M, and assets of $48.4M (revenue -33.6% year-over-year).
- 2017: Revenue of $10.5M, expenses of $3.5M, and assets of $60.9M (revenue +111.0% year-over-year).
- 2016: Revenue of $5.0M, expenses of $4.4M, and assets of $49.9M (revenue -8.8% year-over-year).
- 2015: Revenue of $5.5M, expenses of $6.3M, and assets of $46.5M (revenue -7.1% year-over-year).
- 2014: Revenue of $5.9M, expenses of $4.9M, and assets of $45.8M (revenue +15.0% year-over-year).
- 2013: Revenue of $5.1M, expenses of $9.4M, and assets of $44.0M (revenue -38.0% year-over-year).
- 2012: Revenue of $8.2M, expenses of $8.2M, and assets of $42.7M (revenue +17.3% year-over-year).
- 2011: Revenue of $7.0M, expenses of $12.2M, and assets of $43.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Vincents Foundation Inc:
Data Sources and Methodology
This transparency report for St Vincents Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.