Sherrys Place Inc

Analysis

Sherrys Place Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Sherrys Place Inc reported income of $88k and spending of $88k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $88k (-9.2%), an average of -9.2% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sherrys Place Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include LH Homes II Inc ($88k), Dow Rummel Foundation ($88k) and Proctor Community Housing Corporation ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 98% of the total. At year end it held assets of $1,499 against liabilities of $160k, net assets of -$159k.