Sherman Glen Inc

Analysis

Sherman Glen Inc is a registered charity in United States, based in Lebanon, OH. It received its IRS tax-exemption ruling in July 1991, 35 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 September 2023, Sherman Glen Inc reported income of $427k and spending of $345k, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $309k to $427k (+38%), an average of +8.4% a year. The sharpest change came in the year to September 2023, when income rose by 39%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sherman Glen Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include John and David Matthews Retirement Center Inc II ($427k), National Hispanic Council on Aging Housing of Dist of Columbia Inc ($427k) and FC Mission Plaza Inc ($427k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.1m against liabilities of $2.7m, net assets of -$1.5m. It reported 6 employees.