Downtown Sheridan Association

Analysis

Downtown Sheridan Association is a registered charity in United States, based in Sheridan, WY. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Downtown Sheridan Association reported income of $307k and spending of $274k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $307k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Sheridan Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within WY. Charities of a similar size with the same main cause include Four Corners Economic Development Foundation ($307k), South Central Dakota Regional Council ($307k) and SEND Musicians to Prison ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Other salaries and wages came to $104k. At year end it held assets of $181k against liabilities of $1,614, net assets of $179k. It reported 7 employees.