Sherwood Christian Outreach Center Inc

Analysis

Sherwood Christian Outreach Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sherwood Christian Outreach Center Inc reported income of $74k and spending of $81k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $126k to $74k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sherwood Christian Outreach Center Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Third Chair Ministries ($74k), Covenant World Missions Incorporated ($74k) and National Association of District Supervisors of Foreign Languages ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $26k. At year end it held assets of $6,067 against liabilities of $0, net assets of $6,067.

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.