Sacred Heart Education Endowment Fund Inc

Analysis

Sacred Heart Education Endowment Fund Inc is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in September 1987, 39 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 December 2023, Sacred Heart Education Endowment Fund Inc reported income of $161k and spending of $35k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $161k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 127%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sacred Heart Education Endowment Fund Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Hyannis Athletic Association Inc ($161k), Lamoure Lions ($161k) and Brotherhood of St Gregory Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $2.9m against liabilities of $125k, net assets of $2.7m.