Sacred Heart Southern Missions Housing Corporation

Analysis

Sacred Heart Southern Missions Housing Corporation is a registered charity in United States, based in Walls, MS. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Sacred Heart Southern Missions Housing Corporation reported income of $371k and spending of $424k, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $439k to $371k (-16%), an average of -5.5% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sacred Heart Southern Missions Housing Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within MS. Charities of a similar size with the same main cause include Springs of Life Foundation ($371k), Gospa Missions ($371k) and Holy Redeemer Parish Foundation ($371k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.5m against liabilities of $95k, net assets of $1.4m.