Sacred Heart Academy Education Foundation

Analysis

Sacred Heart Academy Education Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sacred Heart Academy Education Foundation reported income of $390k and spending of $172k, leaving 56% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $300k to $390k (+30%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 917%. Over the whole period it spent 28% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sacred Heart Academy Education Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Reflective Life Ministries ($390k), Huong Lam Buddhist Center Inc ($390k) and Peace Promise Inc ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $636k against liabilities of $0, net assets of $636k.