Sherwood Community Services

Analysis

Sherwood Community Services is a registered charity in United States, based in Lake Stevens, WA. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Sherwood Community Services reported income of $8.5m and spending of $8.1m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.1m to $8.5m (+106%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sherwood Community Services sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include National Automatic Sprinkler Industry Apprentice and Training ($8.5m), 360 Communities ($8.5m) and Arlington Tomorrow Foundation ($8.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $166k (2.1% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $5.3m against liabilities of $607k, net assets of $4.7m. It reported 105 employees.