Sherman Academy

Analysis

Sherman Academy is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sherman Academy reported income of $70k and spending of $63k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $70k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sherman Academy sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Change a Life Foundation ($70k), Hawk Pride Athletic Booster Clubinc ($70k) and Engncntr Ltd ($70k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $11k against liabilities of $21k, net assets of -$9,525.