Cathedral Of The Sacred Heart Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 220,559 | 431,719 | −211,160 | 53.8 | 0% |
| 2022 | 566,622 | 871,178 | −304,556 | 20.6 | 0% |
| 2023 | 270,274 | 749,249 | −478,975 | 17.0 | 0% |
| 2024 | 289,406 | 354,796 | −65,390 | 34.4 | 0% |
In its most recent public year (2024), this organization spent $65,390 more than it brought in. Its reserves stood at about 34.4 months of spending, down from 53.8 in 2021. Staff pay was 0% of spending. $962,690 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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