Sherman Thomas Charter School

Analysis

Sherman Thomas Charter School is a registered charity in United States, based in Madera, CA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sherman Thomas Charter School reported income of $5.9m and spending of $5.8m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.0m to $5.9m (+48%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sherman Thomas Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Pro Vision Educational Services Inc ($5.9m), Arts in College Preparatory Academy ($5.9m) and Knox Education Foundation ($5.9m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $114k (2.0% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $4.6m against liabilities of $712k, net assets of $3.8m. It reported 89 employees.