Lawrence C Sherman Family Foundation

Analysis

Lawrence C Sherman Family Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 1995, 31 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 June 2023, Lawrence C Sherman Family Foundation reported income of $50k and spending of $433k, spending 862% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $58k to $50k (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2023, when income rose by 310%. Over the whole period it spent 361% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lawrence C Sherman Family Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include Alexander City Kiwanis Foundation Inc ($50k), Hunt PTA 5-7-17 ($50k) and United Way of New London Inc ($50k).

At year end it held assets of $2.3m against liabilities of $425k, net assets of $1.9m.