Sanctuary Life Inc

Analysis

Sanctuary Life Inc is a registered charity in United States, based in Columbus, IN. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sanctuary Life Inc reported income of $378k and spending of $487k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $255k to $378k (+48%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sanctuary Life Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Columbia County Recovery Kitchen Inc ($378k), New Life Thrift Store ($378k) and About Families Incorporated ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12k (2.5% of expenses). Other salaries and wages came to $273k. At year end it held assets of $229k against liabilities of $26k, net assets of $204k. It reported 27 employees.