Sacred Heart Home

Analysis

Sacred Heart Home is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sacred Heart Home reported income of $15.3m and spending of $14.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.9m to $15.3m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sacred Heart Home sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Lorain County Health & Dentistry ($15.3m), California Institute for Behavioral Health Solutions ($15.3m) and Somc Medical Group PC ($15.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. Other salaries and wages came to $7.0m. At year end it held assets of $13.2m against liabilities of $2.1m, net assets of $11.1m. It reported 211 employees.