Sacred Heart Village I Inc

Analysis

Sacred Heart Village I Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 1999, 27 years ago. 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 September 2023, Sacred Heart Village I Inc reported income of $1.1m and spending of $1.4m, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.1m to $1.1m (-2.1%), an average of -0.5% a year. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sacred Heart Village I Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within DE. Charities of a similar size with the same main cause include Chances and Changes Inc ($1.1m), Grand Valley University Foundation ($1.1m) and The Red Balloon Child Care Center Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Other salaries and wages came to $383k. At year end it held assets of $6.4m against liabilities of $4.9m, net assets of $1.5m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.