Sacred Heart Academy Foundation Inc

Analysis

Sacred Heart Academy Foundation Inc is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sacred Heart Academy Foundation Inc reported income of $1.2m and spending of $708k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $1.2m (+184%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sacred Heart Academy Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include College Access Plan ($1.2m), North Shore Montessori School Inc ($1.2m) and Washington English Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $8,003 (1.1% of expenses). At year end it held assets of $5.9m against liabilities of $0, net assets of $5.9m.