Sherwood Care Facilities Inc

Analysis

Sherwood Care Facilities Inc is a registered charity in United States, based in Lennon, MI. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Sherwood Care Facilities Inc reported income of $243k and spending of $241k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $208k to $243k (+16%), an average of +5.2% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sherwood Care Facilities Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Our Blessings Early Learning Center Inc ($243k), The D a D Initiative Inc ($243k) and Joel Fund ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $111k. At year end it held assets of $2,463 against liabilities of $15k, net assets of -$13k. It reported 17 employees.