Sherwood Foundation Inc

Analysis

Sherwood Foundation Inc is a registered charity in United States, based in Watchung, NJ. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2024, Sherwood Foundation Inc reported income of $111k and spending of $38k, leaving 66% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $57 to $111k (+195307%), an average of +195307% a year. The sharpest change came in the year to March 2024, when income rose by 195307%. Over the whole period it spent 41% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sherwood Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Jesse Collyer Jr Youth Sports Leagues of Ossining ($111k), Voltage Aquatics Inc ($111k) and Manca ($111k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $337k against liabilities of $0, net assets of $337k.