Sacred Beginnings Transitional Homes Inc

Analysis

Sacred Beginnings Transitional Homes Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Beginnings Transitional Homes Inc reported income of $349k and spending of $342k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $219k to $349k (+59%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sacred Beginnings Transitional Homes Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Asianweek Foundation ($349k), Peace International ($349k) and Guardianship and Protective Services Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $90k (26% of expenses). Other salaries and wages came to $81k. At year end it held assets of $89k against liabilities of $6,419, net assets of $82k. It reported 8 employees.