Sherrard Institute

Analysis

Sherrard Institute is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Sherrard Institute reported income of $218k and spending of $383k, spending 176% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $401k to $218k (-46%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sherrard Institute sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Inspired Life Inc ($218k), Called-Anointed-Sent ($218k) and Dove Ministries Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $124k against liabilities of $1,025, net assets of $123k.