Shermont Manor Housing Corporation

Analysis

Shermont Manor Housing Corporation is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Shermont Manor Housing Corporation reported income of $215k and spending of $308k, spending 143% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $200k to $215k (+7.2%), an average of +1.8% a year. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shermont Manor Housing Corporation 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 55th percentile, and in the 54th percentile within MT. Charities of a similar size with the same main cause include League of Young Inventors Inc ($215k), Early Learning Center Inc ($215k) and Home and School Association of the Borough of Medford Lakes Inc ($215k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.5m against liabilities of $1.4m, net assets of $167k.

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.