Sacred Heart Lawrence

Analysis

Sacred Heart Lawrence is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Lawrence reported income of $802k and spending of $292k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $802k (+89%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sacred Heart Lawrence sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Bais Vaad Lechachomim Yerishulayim Inc ($801k), Lovem Ministries Inc ($802k) and Chino Valley Islamic Center ($801k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3.4m against liabilities of $922k, net assets of $2.5m.