Sheridan Arts Foundation

Analysis

Sheridan Arts Foundation is a registered charity in United States, based in Telluride, CO. It received its IRS tax-exemption ruling in January 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sheridan Arts Foundation reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $1.5m (-6.1%), an average of -1.6% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sheridan Arts Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Tyler Museum of Art ($1.5m), Bionexus KC ($1.5m) and Juneau Arts and Humanities Council ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $246k (15% of expenses). At year end it held assets of $2.9m against liabilities of $659k, net assets of $2.3m. It reported 21 employees.