Sheridan Service Center Inc

Analysis

Sheridan Service Center Inc is a registered charity in United States, based in Sheridan, MT. It received its IRS tax-exemption ruling in September 2011, 15 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sheridan Service Center Inc reported income of $212k and spending of $184k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $364k to $212k (-42%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 56%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sheridan Service Center Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MT. Charities of a similar size with the same main cause include Community Builders Ltd ($212k), Lithuanian Center Inc ($213k) and Oregon Business & Industry Association Research and Education ($212k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $43k (23% of expenses). Other salaries and wages came to $21k. At year end it held assets of $758k against liabilities of $12, net assets of $758k. It reported 7 employees.