Sterling Co

Analysis

Sterling Co is a registered charity in United States, based in Gadsden, AL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Sterling Co reported income of $28.9m and spending of $27.9m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.1m to $28.9m (+52%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 56%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sterling Co sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include The Arc of Central Alabama Inc ($28.9m), Oxford House Inc ($28.9m) and Food Bank for Monterey County ($28.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $10.9m against liabilities of $3.5m, net assets of $7.4m. It reported 49 employees.