Sacred Heart Foundation

Analysis

Sacred Heart Foundation is a registered charity in United States, based in E Grand Forks, MN. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Sacred Heart Foundation reported income of $756k and spending of $865k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $756k (-36%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 219%. Over the whole period it spent 198% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sacred Heart Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Muslim Family Services of Ohio ($756k), Sentinel Ministries ($756k) and Saving Susan Ministry Inc ($756k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $61k (7.1% of expenses). Other salaries and wages came to $20k. At year end it held assets of $8.8m against liabilities of $961, net assets of $8.8m. It reported 2 employees.