Sacred Heart Mission for Gladwin County Michigan

Analysis

Sacred Heart Mission for Gladwin County Michigan is a registered charity in United States, based in Gladwin, MI. It received its IRS tax-exemption ruling in July 2012, 14 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 June 2024, Sacred Heart Mission for Gladwin County Michigan reported income of $738k and spending of $298k, leaving 60% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $250k to $738k (+195%), an average of +72% a year. The sharpest change came in the year to June 2024, when income rose by 194%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sacred Heart Mission for Gladwin County Michigan sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Greener Life Solutions ($738k), Trinity Early Learning Center Inc ($738k) and Boys and Girls Club of Bangor ($738k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $39k (13% of expenses). Other salaries and wages came to $38k. At year end it held assets of $764k against liabilities of $1,030, net assets of $763k. It reported 4 employees.