Sacred Heart Village II Inc

Analysis

Sacred Heart Village II Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Village II Inc reported income of $446k and spending of $472k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $409k to $446k (+9.0%), an average of +2.2% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sacred Heart Village II Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include United Church Residences of Greenwood Mississippi Inc ($446k), Washington Beech Revitalization Corporation ($446k) and Ed Brown Senior Center at Rancho Bernardo ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $2.1m against liabilities of $50k, net assets of $2.0m.

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.