Sanctuary Clinics Inc
EIN: 843394946 · Monticello, FL · NTEE: X20
Is Sanctuary Clinics Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sanctuary Clinics Inc
Sanctuary Clinics Inc (EIN: 843394946) is a nonprofit organization based in Monticello, FL, classified under NTEE code X20. The organization reported total revenue of $3.1M and total assets of $812K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sanctuary Clinics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sanctuary Clinics Inc is a mid-size nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 65.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-71,051 |
| Total Assets | $691K |
| Total Liabilities | $815K |
| Net Assets | $-123,788 |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 117.9% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2023, Sanctuary Clinics Inc reported a deficit of $71K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 117.9% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Sanctuary Clinics Inc's revenue has grown at a compound annual growth rate (CAGR) of 65.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +85.4% | +90.3% | -9.3% |
| 2022 | +356.2% | +72.0% | +9.4% |
| 2021 | -46.6% | +594.0% | +62.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sanctuary Clinics Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sanctuary Clinics Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 117.9%.
Frequently Asked Questions about Sanctuary Clinics Inc
Is Sanctuary Clinics Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sanctuary Clinics Inc (EIN: 843394946) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sanctuary Clinics Inc spend its money?
Detailed spending breakdown data is not yet available for Sanctuary Clinics Inc. Check back for updated IRS 990 analysis.
Are donations to Sanctuary Clinics Inc tax-deductible?
Sanctuary Clinics Inc is registered as a tax-exempt nonprofit (EIN: 843394946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Sanctuary Clinics Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Sanctuary Clinics Inc's revenue has grown by 351.6%, moving from $541K to $2.4M. Total assets increased by 60.7% over the same period, from $430K to $691K. Total functional expenses rose by 2171.7%, from $111K to $2.5M. In its most recent filing year (2023), Sanctuary Clinics Inc reported a deficit of $71K, with expenses exceeding revenue. The organization holds $815K in liabilities against $691K in assets (debt-to-asset ratio: 117.9%), resulting in net assets of $-123,788.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.5M | $691K | $815K | — | View 990 |
| 2022 | $1.3M | $1.3M | $762K | $815K | — | View 990 |
| 2021 | $289K | $767K | $697K | $746K | — | View 990 |
| 2020 | $541K | $111K | $430K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.5M, and assets of $691K (revenue +85.4% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $762K (revenue +356.2% year-over-year).
- 2021: Revenue of $289K, expenses of $767K, and assets of $697K (revenue -46.6% year-over-year).
- 2020: Revenue of $541K, expenses of $111K, and assets of $430K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sanctuary Clinics Inc:
Data Sources and Methodology
This transparency report for Sanctuary Clinics Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.