Sacred Heart Foundation

Analysis

Sacred Heart Foundation is a registered charity in United States, based in Saint Louis, MO. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sacred Heart Foundation reported income of $5.5m and spending of $1.8m, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.4m to $5.5m (-46%), an average of -14% a year. The sharpest change came in the year to June 2020, when income dropped by 52%. Over the whole period it spent 146% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sacred Heart Foundation 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 93rd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include American Psychiatric Nurses Association ($5.5m), Ronald McDonald House Charities of Denver Inc ($5.5m) and Lions Eye Bank of Wisconsin Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $164k (9.0% of expenses). Other salaries and wages came to $467k. At year end it held assets of $23.4m against liabilities of $202k, net assets of $23.2m. It reported 9 employees.