Sherman Community Players

Analysis

Sherman Community Players is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in July 1953, 73 years ago. 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 August 2023, Sherman Community Players reported income of $325k and spending of $349k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $348k to $325k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to August 2022, when income rose by 58%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sherman Community Players sits at the 61st percentile: it is larger than about 61% 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 St Augustine Ballet Inc ($325k), The Alabama-West Florida United Methodist Development Fund Inc ($325k) and Indochina Sino-American Senior Citizen Center ($325k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 81% and program service revenue 30% of the total. Other salaries and wages came to $112k. At year end it held assets of $617k against liabilities of $71k, net assets of $546k. It reported 4 employees.