Sharon School of Excellence Inc

Analysis

Sharon School of Excellence Inc is a registered charity in United States, based in Pembroke Park, FL. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sharon School of Excellence Inc reported income of $375k and spending of $463k, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $767k to $375k (-51%), an average of -21% a year. The sharpest change came in the year to December 2022, when income rose by 83%. 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, Sharon School of Excellence Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Marine Credit Union Foundation Inc ($375k), Vermont Energy Education Program Incorporated ($375k) and Isabella & Ferdinand Academia de Espanol ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (19% of expenses). Other salaries and wages came to $83k. At year end it held assets of $2,612 against liabilities of $498k, net assets of -$496k. It reported 9 employees.

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.