Sherman Historical Society Inc

Analysis

Sherman Historical Society Inc is a registered charity in United States, based in Sherman, CT. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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 August 2023, Sherman Historical Society Inc reported income of $155k and spending of $100k, leaving 35% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $264k to $155k (-41%), an average of -12% a year. The sharpest change came in the year to August 2020, when income dropped by 59%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sherman Historical Society Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Adaptive Sports Northwest ($155k), Thetford Library Federation Inc ($155k) and Princeton YMCA YWCA ($155k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 54% and program service revenue 0.1% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.