Is Sanctuary For Sacred Arts Legit?

Quick charity verification for Sanctuary For Sacred Arts (EIN: 200377681)

Verdict: Sanctuary For Sacred Arts appears trustworthy

75/100Mission Score
$336KRevenue
$1.3MAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Sanctuary For Sacred Arts demonstrates a fluctuating financial history, with significant revenue spikes in 2018 ($1,200,699) and 2019 ($433,137) followed by a decline in recent years, culminating in a negative revenue period in 2020 ($-13,996). Despite these revenue fluctuations, the organization has maintained a remarkably stable asset base, consistently above $1.3 million in the last four periods, suggesting substantial non-liquid assets or endowments. Expenses have generally been low relative to assets, ranging from $36,157 to $110,050 in recent years. The organization's transparency is bolstered by its consistent filing of IRS Form 990s and the reported 0% officer compensation across all available filings, indicating a volunteer-led or very lean executive structure. However, the recent trend of expenses exceeding revenue, such as in 2023 where expenses were $110,050 against revenue of $64,433, warrants closer examination to ensure long-term sustainability without drawing down assets excessively.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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