Charles Sherrod Community Development Corporation

Analysis

Charles Sherrod Community Development Corporation is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Charles Sherrod Community Development Corporation reported income of $1.9m and spending of $2.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $69k to $1.9m (+2706%), an average of +130% a year. The sharpest change came in the year to December 2021, when income rose by 1169%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles Sherrod Community Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Western North Carolina Lions Inc ($1.9m), Boy Scouts of America ($1.9m) and Valley Leadership Corporation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 0.2% of the total. Other salaries and wages came to $408k. At year end it held assets of $7.1m against liabilities of $38k, net assets of $7.1m. It reported 12 employees.