Sacred Heart Foundation

Analysis

Sacred Heart Foundation is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in May 1968, 58 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sacred Heart Foundation reported income of $210k and spending of $232k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $210k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sacred Heart Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include New York Central System Historical Society ($210k), International Focus Ministries ($210k) and Cibolo Conservancy ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. Other salaries and wages came to $31k. At year end it held assets of $4.2m against liabilities of $581, net assets of $4.2m. It reported 1 employees.