Sacred Heart at Monastery Lake Inc

Analysis

Sacred Heart at Monastery Lake Inc is a registered charity in United States, based in Franklin, WI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 at Monastery Lake Inc reported income of $2.3m and spending of $2.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.3m (+8.2%), an average of +2.0% a year. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sacred Heart at Monastery Lake Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include United Way of Pickens County ($2.3m), Merrimack Valley Health Services Inc ($2.3m) and Croatian American Society ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.8m against liabilities of $2.7m, net assets of $8.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.