Immaculate Heart Community

Analysis

Immaculate Heart Community is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1972, 54 years ago. 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, Immaculate Heart Community reported income of $6.5m and spending of $31.5m, spending 484% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.4m to $6.5m (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income rose by 1527%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Immaculate Heart Community sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Corn Heritage Village of Corn Inc ($6.5m), Westbrook Christian School Inc ($6.5m) and Diocesan Migrant & Refugee Services Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 0.1% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $78.4m against liabilities of $26.2m, net assets of $52.2m. It reported 24 employees.