Sacred Heart Community Corporation

Analysis

Sacred Heart Community Corporation is a registered charity in United States, based in Lyndhurst, OH. It received its IRS tax-exemption ruling in June 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Sacred Heart Community Corporation reported income of $3.1m and spending of $178k, leaving 94% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $533k to $3.1m (+484%), an average of +80% a year. The sharpest change came in the year to July 2023, when income rose by 506%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sacred Heart Community Corporation 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 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Rebuilding Together Philadelphia ($3.1m), Montana State University-Northern Foundation ($3.1m) and Boys & Girls Club of Noblesville Inc ($3.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.8% and program service revenue 1.6% of the total. Other salaries and wages came to $35k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 2 employees.