Sanctuary Place Inc

Analysis

Sanctuary Place Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sanctuary Place Inc reported income of $50k and spending of $0, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to September 2023, income fell from $661k to $50k (-92%), an average of -92% a year. The sharpest change came in the year to September 2023, when income dropped by 92%. Over the whole period it spent 0.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sanctuary Place Inc sits at the 11th percentile: it is larger than about 11% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 28th percentile within MA. Charities of a similar size with the same main cause include Glenville Housing Inc ($50k), The Home Fund Inc ($50k) and Commonwealth Housing Inc ($50k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $711k.