Sheridan House Family Ministriesinc

Analysis

Sheridan House Family Ministriesinc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Sheridan House Family Ministriesinc reported income of $6.3m and spending of $6.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $6.3m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sheridan House Family Ministriesinc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Families U S a Foundation Inc ($6.3m), Latin American Association Inc ($6.3m) and Helena Food Share Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $455k (7.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.2m against liabilities of $1.7m, net assets of $428k. It reported 34 employees.