Sequatchie Valley Sanitarium Inc

Analysis

Sequatchie Valley Sanitarium Inc is a registered charity in United States, based in Wildwood, GA. It received its IRS tax-exemption ruling in May 1954, 72 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sequatchie Valley Sanitarium Inc reported income of $126k and spending of $142k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $126k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sequatchie Valley Sanitarium Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include The Tennessee Recyling Coalition Inc ($126k), Ontonagon County Historical Society ($126k) and Harwood Area Fire and Rescue Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 72% of the total. At year end it held assets of $680k against liabilities of $2,690, net assets of $677k.

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.