Sherman Isd Education Foundation Inc

Analysis

Sherman Isd Education Foundation Inc is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in June 1999, 27 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 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 August 2023, Sherman Isd Education Foundation Inc reported income of $199k and spending of $140k, leaving 30% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income grew from $100k to $199k (+99%), an average of +41% a year. The sharpest change came in the year to August 2022, when income rose by 59%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sherman Isd Education Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Apostolic Christian Home Foundation ($199k), Impact 100 Greater Indianapolis Inc ($199k) and West Virginia Senior Legal Aid Inc ($199k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $892k against liabilities of $0, net assets of $892k.