Sherman County Senior Center Inc

Analysis

Sherman County Senior Center Inc is a registered charity in United States, based in Loup City, NE. It received its IRS tax-exemption ruling in August 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 June 2024, Sherman County Senior Center Inc reported income of $97k and spending of $100k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $94k to $97k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sherman County Senior Center Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NE. Charities of a similar size with the same main cause include Joshua One Eight Foundation ($97k), Hunger Network in Ohio ($97k) and Rockwall County Historical Foundation ($97k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $55k. At year end it held assets of $78k against liabilities of $1,323, net assets of $77k. It reported 4 employees.