Sacred Heart Retirement Community Inc

Analysis

Sacred Heart Retirement Community Inc is a registered charity in United States, based in Vernon, CT. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sacred Heart Retirement Community Inc reported income of $682k and spending of $695k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $602k to $682k (+13%), an average of +3.2% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sacred Heart Retirement Community Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Santafe Senior Living Foundation Inc ($681k), Peninsula Housing Development Inc X ($682k) and Trumansburg Seniors Inc ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 89% of the total. Other salaries and wages came to $103k. At year end it held assets of $1.2m against liabilities of $2.0m, net assets of -$787k.