Brothers of the Sacred Heart Foundation Inc

Analysis

Brothers of the Sacred Heart Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Brothers of the Sacred Heart Foundation Inc reported income of $2.8m and spending of $2.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.8m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 194%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brothers of the Sacred Heart Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Seabury School ($2.8m), Wesley Community Development Corporation ($2.8m) and Allegheny Council to Improve Our Neighborhoods Housing Incorporated ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $113k (4.2% of expenses). At year end it held assets of $44.8m against liabilities of $0, net assets of $44.8m.