Sanctuary Project Foundation Inc

Analysis

Sanctuary Project Foundation Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2022, Sanctuary Project Foundation Inc reported income of $244k and spending of $262k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $204k to $244k (+19%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sanctuary Project Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include American Society of Interior Designers Educational Foundation I ($244k), Arts District Community Council Los Angeles ($244k) and Industry University Research Center Inc ($244k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $41k (16% of expenses). Other salaries and wages came to $117k. At year end it held assets of $16k against liabilities of $118k, net assets of -$101k. It reported 16 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.