Sherman College of Straight Chiropractic Inc

Analysis

Sherman College of Straight Chiropractic Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in March 1973, 53 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 December 2023, Sherman College of Straight Chiropractic Inc reported income of $16.1m and spending of $16.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.1m to $16.1m (+0.1%), an average of +0.0% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sherman College of Straight Chiropractic Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Presentation College ($16.1m), Des Moines Christian School ($16.1m) and Children Scholarship Fund Philadelphia ($16.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.2m (7.1% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $42.7m against liabilities of $14.8m, net assets of $27.9m. It reported 270 employees.