Immaculate Heart Community EIN 95-2706764 Form 990 (PDF) Claim this org

Immaculate Heart Community

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Transforms communities through art, education, spirituality, and social services. For fiscal year 2024 it reported $27.7M in revenue, $4.0M in expenses, and $78.9M in net assets.Pt I

Founded
1889
Type
Public charity (501(c)(3)) · Nonprofit
Location
Los Angeles, CA
Website
www.immaculateheartcommunity.org
Filings
5 on file (2020–2024)
Revenue
$27.7MFY2024
Expenses
$4.0M
Net assets
$78.9M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  95-2706764 Public charity (501(c)(3)) Los Angeles, CA Founded 1889
Form 990 (PDF)
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Figures match the IRS filing checked 8/8/26 · see original: IRS
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Size
$10–100M
What they do
Transforms communities through art, education, spirituality, and social services.
Leadership
Sherry Purcell · President · $172K
Money in and out
$27.7M revenue, $4.0M expenses
Bottom line
77% program efficiency
Where the money goes · FY2024
Total revenue
$27.7M
Pt VIII · Ln 12
Total expenses
$4.0M
Pt IX · Ln 25
Net assets
$78.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $23.7M
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.14 Fundraising $0.09
Program efficiency
77%
of spending reaches programs▼ -18% vs prior filing year
Operating runway
187.7mo
months of highly liquid reserves at operating expense rate▲ +695% vs prior filing year
Surplus margin
+86%
revenue over expenses, this year▲ +122% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$27.7M
FY2024▲ +324%
Expenses
$4.0M
FY2024▼ -87%
Total assets
$81.8M
FY2024▲ +4%
Total liabilities
$2.9M
FY2024▼ -89%
Total revenue
$27.7M
Pt VIII · Ln 12
Total expenses
$4.0M
Pt IX · Ln 25
Net assets
$78.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$23.7M
Total assetsPt X · Ln 16$81.8M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CImmaculate Heart Community
EINHdr · item D95-2706764
Principal addressHdr · item CLos Angeles, CA
Year of formationHdr · item L1889
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1972

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$172,148Pt VII · Sec A
$132,659Pt VII · Sec A
Advancement
$130,548Pt VII · Sec A
Vice President
$130,548Pt VII · Sec A
$102,416Pt VII · Sec A
$29,615Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kathleen Buczko$270,760$160,413
Sherry Purcell$172,148$161,827
Jean Holsten$160,512$134,017
Elizabeth Lomeli$132,659$107,673
Charmian Hauck$125,747$131,916
Christine Monroe$130,548$117,548
Pamela Hope$130,548$125,549
Susan Leary$102,416$99,202$37,216

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $3.0M of program spending, described in the organization's own filed words · FY2024.
01

Immaculate heart community's program, "doorway to presence," provides various opportunites to promote social justice through monthly lunch & learn lecture series, keynote speaker events, spiritual retreats, concerts, public screening of the movie "rebel HEARTS."THERE are 5 commissions through which members and supporters can participate…

$1.6Mprogram expense
02

The center for spiritual renewal and la casa de maria's mission is to be a sanctuary of peace to renew purpose, strengthen community, and increase their effectiveness in the world. This is done through group programming, individual retreats and spiritual direction.

$1.2Mprogram expense
03

The founding members is a program of the immaculate heart community that fulfills its mission by providing the formerly canonical community members with a place to build community, foster spiritual growth, and provide opportunities for education, wellness, service to others and special help for those in need.

$248Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$22.0M · 79%
Investment income$4.3M · 16%
Contributions & grants$1.4M · 5%
Other revenue79%$22.0M
Investment income16%$4.3M
Contributions & grants5%$1.4M
Program service revenue$16K
— government grantsLn 1e$150K
Total revenueLn 12$27.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.14 Fundraising $0.09
Program services77%$3.0M
Management & general14%$554K
Fundraising9%$355K
Total functional expensesLn 25$4.0M

Balance Sheet

Part X · end of year
CashLn 1$2.6M
Total assetsLn 16$81.8M
Total liabilitiesLn 26$2.9M
Total net assetsLn 32$78.9M
Months of cash on handcomputed7.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $61.9M · Operating expenses/yr $4.0M
187.7 months
Where the money goes
Program services
Program services $3.0M · Total expenses $4.0M
77%
Management & General
Management & general $554K · Total expenses $4.0M
14%
Fundraising
Fundraising $355K · Total expenses $4.0M
9%
Cost to raise $1
Fundraising expense (3-yr avg) $250K · Solicited contributions (3-yr avg) $1.5M
$0.17 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $27.7M
5%
Government reliance
Government grants $150K · Total revenue $27.7M
0.5%
Earned-income share
Program service revenue $16K · Total revenue $27.7M
0.06%
Investment reliance
Investment income $4.3M · Total revenue $27.7M
+16%
Program self-sufficiency
Program service revenue $16K · Total expenses $4.0M
0.4%
Growth & trend
Revenue growth (YoY)
This year $27.7M · Prior year $6.5M
+324%
Revenue CAGR
FY2020 $3.1M · FY2024 $27.7M
+72%
Net-asset trend (YoY)
End of year $78.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $27.7M · Expenses $4.0M
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $81.8M
Net-asset ratio
Net assets $78.9M · Total assets $81.8M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $59.3M · Total assets (Pt X, ln 16) $81.8M
72%
People & payroll
Highest Reported Total Compensation
Individual Sherry Purcell · Reported title PRESIDENT · Highest reported compensation $172K · Total expenses $4.0M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.5M · Total expenses $4.0M
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 14%
Fundraising cost ratio 26%
Revenue growth 324%
Investment management fee ratio 0.1%
Legal fee ratio 8%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$60K
See all 4 funders →
Grants paid · 16 grants · $27.2M · 2020–2024
Corita Art Center INCCA · FY2024$191,006
I Demand AccessVA · FY2024$15,948
Interfaith Refugee & Immigration ServiceFY2024$15,000
Housing WorksCA · FY2024$6,000
Emanate Health FoundationCA · FY2024$6,000
La Casa De MariaFY2023$22,103,229
Corita Art Center INCCA · FY2023$4,696,966
Alexandria HouseCA · FY2022$6,126
Findings Art Center INCCA · FY2022$6,000
Alexandria HouseCA · FY2021$24,858
Findings Art Center INCCA · FY2021$6,000
Findings Art Center INCCA · FY2020$8,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$27.7M revenue · viewing · ⤓ 990 PDF
FY2023$6.5M revenue · ⤓ 990 PDF
FY2022$47.5M revenue · ⤓ 990 PDF
FY2021$2.9M revenue · ⤓ 990 PDF
FY2020$3.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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