Colton Sherrill Memorial Foundation Inc

Analysis

Colton Sherrill Memorial Foundation Inc is a registered charity in United States, based in Durant, OK. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Colton Sherrill Memorial Foundation Inc reported income of $117k and spending of $107k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $117k (-2.7%), an average of -2.7% a year. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Colton Sherrill Memorial Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OK. Charities of a similar size with the same main cause include Give Back Nation Inc ($117k), Chicagoland Toys for Tots Motorcycle Parade ($117k) and Uncommon Farms Foundation ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $190k against liabilities of $1,237, net assets of $188k.