Sacred Heart Support Corporation

Analysis

Sacred Heart Support Corporation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Sacred Heart Support Corporation reported income of $308k and spending of $301k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $102k to $308k (+202%), an average of +202% a year. The sharpest change came in the year to June 2023, when income rose by 202%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sacred Heart Support Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Obra Misionera de LA Restitucion Inc ($308k), Alaska Correctional Ministries Inc ($308k) and 4genetwork ($308k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.1m against liabilities of $10.1m, net assets of $74k.