Sherrill Fire Protection Association

Analysis

Sherrill Fire Protection Association is a registered charity in United States, based in Sherrill, IA. It received its IRS tax-exemption ruling in September 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sherrill Fire Protection Association reported income of $275k and spending of $258k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $308k to $275k (-11%), an average of -3.8% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sherrill Fire Protection Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Lee Manor Incorporated ($275k), Austen Manor ($275k) and Heart Society of Gaston County Inc ($275k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 84% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.