Sheriar Foundation

Analysis

Sheriar Foundation is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in January 1992, 34 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, Sheriar Foundation reported income of $613k and spending of $466k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $376k to $613k (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheriar Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include The Ivy Community Charities of Prince Georges County Inc ($613k), Household Abuse Victims Emergency Network Inc ($613k) and Archangel School ($613k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $99k. At year end it held assets of $1.4m against liabilities of $174k, net assets of $1.2m. It reported 3 employees.