Sherman Apartments Association

Analysis

Sherman Apartments Association is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in February 2003, 23 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 June 2023, Sherman Apartments Association reported income of $227k and spending of $264k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $234k to $227k (-3.0%), an average of -0.7% a year. Over the whole period it spent 119% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sherman Apartments Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Dallas Center Grimes Education Foundation ($227k), Newport High School Ptsa ($227k) and Albert Wisner Public Library Foundation Inc ($227k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $43k. At year end it held assets of $2.5m against liabilities of $249k, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.