Sanctuary Inc

Analysis

Sanctuary Inc is a registered charity in United States, based in Hopkinsville, KY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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 June 2022, Sanctuary Inc reported income of $1.9m and spending of $1.9m, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $2.2m to $1.9m (-12%), an average of -4.3% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sanctuary Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Huntington YMCA Foundation Inc ($1.9m), Hellenic Missionary Union Inc ($1.9m) and Canton Student Loan Foundation ($1.9m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $699k. At year end it held assets of $2.9m against liabilities of $204k, net assets of $2.7m. It reported 47 employees.