Sanctum House Inc

Analysis

Sanctum House Inc is a registered charity in United States, based in Novi, MI. It received its IRS tax-exemption ruling in January 2015, 11 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 December 2023, Sanctum House Inc reported income of $848k and spending of $784k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $848k (+69%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sanctum House Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Deepstream Ministries Inc ($848k), Boulevard Nursery School Inc ($848k) and Workforce Chaplains LLC ($848k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $144k (18% of expenses). Other salaries and wages came to $370k. At year end it held assets of $486k against liabilities of $8,951, net assets of $477k. It reported 11 employees.