Sacred Heart Cultural Center Inc

Analysis

Sacred Heart Cultural Center Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Heart Cultural Center Inc reported income of $423k and spending of $416k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $447k to $423k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sacred Heart Cultural Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include General Douglas Macarthur Foundation ($423k), Artistico ($423k) and Francis Wilson Playhouse Inc ($423k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $74k (18% of expenses). Other salaries and wages came to $153k. At year end it held assets of $1.4m against liabilities of $4,713, net assets of $1.4m. It reported 20 employees.