Sherrill House Inc

Analysis

Sherrill House Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in October 1942, 84 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sherrill House Inc reported income of $27.7m and spending of $28.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.7m to $27.7m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sherrill House Inc 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 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Jenners Pond Inc ($27.6m), Baptist Memorial Hospital Huntingdon ($27.8m) and Fairbanks Native Association ($27.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $625k (2.2% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $27.1m against liabilities of $14.3m, net assets of $12.8m. It reported 285 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.