The Sanctuary of Culture Foundation

Analysis

The Sanctuary of Culture Foundation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, The Sanctuary of Culture Foundation reported income of $583k and spending of $1.5m, spending 253% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.5m to $583k (-60%), an average of -26% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 129% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Sanctuary of Culture Foundation 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 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Peninsula Bishops Attic Inc ($583k), The Cancer Support Community East Tennessee ($583k) and Spokane C O P S ($583k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.