Our Lady of the Sacred Heart Basic Studies

Analysis

Our Lady of the Sacred Heart Basic Studies is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Our Lady of the Sacred Heart Basic Studies reported income of $1.0m and spending of $1.2m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $669k to $1.0m (+54%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 113%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Our Lady of the Sacred Heart Basic Studies sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Palisades Enrichment Programs a Non Profit Corporation ($1.0m), Reading Quest ($1.0m) and STEM Greenhouse Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Other salaries and wages came to $760k. At year end it held assets of $1.6m against liabilities of $2.7m, net assets of -$1.1m. It reported 17 employees.