Vernon-Verona-Sherrill Education Foundation Inc

Analysis

Vernon-Verona-Sherrill Education Foundation Inc is a registered charity in United States, based in Sherrill, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Vernon-Verona-Sherrill Education Foundation Inc reported income of $67k and spending of $85k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $70k to $67k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 133% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vernon-Verona-Sherrill Education Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include North Haledon PTO ($67k), Echoes Around the World ($67k) and Edfocus Initiative ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.

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.