Sherman Park Community Association Inc

Analysis

Sherman Park Community Association Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 1973, 53 years ago. 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, Sherman Park Community Association Inc reported income of $541k and spending of $397k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $541k (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sherman Park Community Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within WI. Charities of a similar size with the same main cause include Seattle Public Theater ($541k), National Church Residences of Harborcreek Pa Inc ($541k) and United Hope Builders Inc ($541k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). Other salaries and wages came to $21k. At year end it held assets of $260k against liabilities of $9,752, net assets of $250k. It reported 2 employees.