Sacred Heart Cathedral Foundation Inc

Analysis

Sacred Heart Cathedral Foundation Inc is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Sacred Heart Cathedral Foundation Inc reported income of $284k and spending of $416k, spending 146% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $677k to $284k (-58%), an average of -16% a year. The sharpest change came in the year to March 2024, when income dropped by 70%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sacred Heart Cathedral Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include 405 Oak Street Center Inc ($284k), North Wales Area Library ($284k) and Habitat for Humanity International Inc ($284k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 46% of the total. At year end it held assets of $8.9m against liabilities of $0, net assets of $8.9m.