Thomas P and Sondra D Sheehan Charitable Foundation

Analysis

Thomas P and Sondra D Sheehan Charitable Foundation is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thomas P and Sondra D Sheehan Charitable Foundation reported income of $216k and spending of $438k, spending 202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $383k to $216k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 122% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thomas P and Sondra D Sheehan Charitable Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Riverhead Business Improvement District Management Assoc Inc ($216k), Assistance League of Arcadia ($217k) and Gateway Development Corporation ($216k).

Compensation of current officers, directors and key employees was $21k (4.9% of expenses). At year end it held assets of $6.3m against liabilities of $0, net assets of $6.3m.