Sherman Phoenix Foundation Inc

Analysis

Sherman Phoenix Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sherman Phoenix Foundation Inc reported income of $1.2m and spending of $1.5m, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $669k to $1.2m (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sherman Phoenix Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Afar Inc ($1.2m), Volunteers for Public Service VPS Inc ($1.2m) and Jewish Family Services of Northeastern New York ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $133k (8.6% of expenses). Other salaries and wages came to $101k. At year end it held assets of $852k against liabilities of $849k, net assets of $2,823. It reported 7 employees.