Sherman Aten Ministries Inc

Analysis

Sherman Aten Ministries Inc is a registered charity in United States, based in Athens, TX. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 May 2024, Sherman Aten Ministries Inc reported income of $325k and spending of $329k, spending 101% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $218k to $325k (+49%), an average of +11% a year. The sharpest change came in the year to May 2023, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sherman Aten Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Massey Fender Endowment Fund ($325k), Slavic Pentecostal Church ($325k) and Holiness Church of God of Bethlehem Inc ($325k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (27% of expenses). At year end it held assets of $21k against liabilities of $27k, net assets of -$5,369. It reported 1 employees.