Sacred Hearted Home Inc

Analysis

Sacred Hearted Home Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Sacred Hearted Home Inc reported income of $5.4m and spending of $5.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.1m to $5.4m (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sacred Hearted Home Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Good Samaritan Health & Wellness Center Inc ($5.4m), Darke County Recovery Services ($5.4m) and Sobriety House Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $143k (2.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $27.9m against liabilities of $8.5m, net assets of $19.4m. It reported 69 employees.