Sherman Avenue Project Area Committee Inc

Analysis

Sherman Avenue Project Area Committee Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in October 1992, 34 years ago. 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 April 2023, Sherman Avenue Project Area Committee Inc reported income of $230k and spending of $275k, spending 119% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $117k to $230k (+98%), an average of +19% a year. The sharpest change came in the year to April 2021, when income rose by 88%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sherman Avenue Project Area Committee Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within MO. Charities of a similar size with the same main cause include Greenwich Riding & Trails Association Inc ($230k), Cincinnati Dental Societys Oral Health Foundation ($230k) and San Ramon Valley Education Foundation ($230k).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $2.3m, net assets of -$276k.

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.