Downtown Sherman Preservation and Revitalization Inc

Analysis

Downtown Sherman Preservation and Revitalization Inc is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Sherman Preservation and Revitalization Inc reported income of $72k and spending of $60k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $72k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Sherman Preservation and Revitalization Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Cross Community Players Inc ($72k), Ronen Foundation of America ($72k) and Trinity House Theatre ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 107% and program service revenue 2.7% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.