Mending the Sacred Hoop

Analysis

Mending the Sacred Hoop is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mending the Sacred Hoop reported income of $686k and spending of $697k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $686k (-32%), an average of -9.4% a year. The sharpest change came in the year to September 2020, when income dropped by 38%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mending the Sacred Hoop sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Streetside Showers Inc ($686k), Tusculum Child Care Center ($686k) and The Catamount Institute ($686k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $80k (12% of expenses). Other salaries and wages came to $243k. At year end it held assets of $169k against liabilities of $71k, net assets of $98k. It reported 9 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.