Sharswood Foundation

Analysis

Sharswood Foundation is a registered charity in United States, based in Gretna, VA. It received its IRS tax-exemption ruling in September 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sharswood Foundation reported income of $99k and spending of $11k, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $235 to $99k (+42139%), an average of +42139% a year. The sharpest change came in the year to December 2023, when income rose by 42139%. Over the whole period it spent 11% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sharswood Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Lyra Music Inc ($99k), Daugavas Vanagi Latvian Welfare Association Inc ($99k) and Bolton Museum ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.