Sacred Heart Village II Inc

Analysis

Sacred Heart Village II Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Village II Inc reported income of $466k and spending of $689k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $350k to $466k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 163% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sacred Heart Village II Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 64th percentile within DE. Charities of a similar size with the same main cause include Ahepa 127-Ii Inc ($466k), The Outlook at Windhaven Forefront Living ($466k) and Joshua a B Moore Housing Inc ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $186k. At year end it held assets of $7.1m against liabilities of $6.8m, net assets of $332k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.