Sanctuary Project

Analysis

Sanctuary Project is a registered charity in United States, based in Wallace, NC. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Sanctuary Project reported income of $55k and spending of $59k, spending 108% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income fell from $126k to $55k (-57%), an average of -57% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sanctuary Project sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Urban Community Developers Inc ($55k), 4th Precinct Fellowship Inc ($55k) and Du Nord Foundation ($54k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 1.2% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.