Sherwood Forest Association

Analysis

Sherwood Forest Association is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2014, 12 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 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 April 2024, Sherwood Forest Association reported income of $152k and spending of $155k, spending 102% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $129k to $152k (+18%), an average of +18% a year. The sharpest change came in the year to April 2024, when income rose by 18%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sherwood Forest Association sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Our Towns Civic Foundation Inc ($152k), The Bridge of Southern New Mexico ($152k) and Rapha Christian Counseling Center ($152k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.