Sacred Trust

Analysis

Sacred Trust is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in June 2016, 10 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 Trust reported income of $80k and spending of $169k, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $200k to $80k (-60%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sacred Trust sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within CO. Charities of a similar size with the same main cause include Joytime Ministries ($80k), Soteria Life Ministries ($80k) and Mens Leadership Community ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $12k (7.2% of expenses). Other salaries and wages came to $4,891. At year end it held assets of $1.0m against liabilities of $662k, net assets of $386k. It reported 2 employees.