Jane F and D Lawrence Sherman Family Support Foundation

Analysis

Jane F and D Lawrence Sherman Family Support Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, Jane F and D Lawrence Sherman Family Support Foundation reported income of $741k and spending of $421k, leaving 43% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $569k to $741k (+30%), an average of +6.8% a year. The sharpest change came in the year to May 2022, when income rose by 18%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jane F and D Lawrence Sherman Family Support Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Fauquier Fish ($740k), Heart and Mind Foundation ($742k) and Sistahs Reachin Out Sro ($740k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m.