Sacred Heart Care Center Inc

Analysis

Sacred Heart Care Center Inc is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Sacred Heart Care Center Inc reported income of $9.4m and spending of $8.8m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.1m to $9.4m (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sacred Heart Care Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Bell-Whitley Community Action Agency Inc ($9.4m), Mid-Willamette Family YMCA Inc ($9.4m) and Hospice of Jackson ($9.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $138k (1.6% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $15.9m against liabilities of $2.5m, net assets of $13.4m. It reported 245 employees.