Sherwood Parent Staff Organization

Analysis

Sherwood Parent Staff Organization is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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 August 2024, Sherwood Parent Staff Organization reported income of $66k and spending of $71k, spending 108% of what it took in. Across the 3 years on record, from August 2022 to August 2024, income grew from $59k to $66k (+11%), an average of +5.6% a year. The sharpest change came in the year to August 2024, when income rose by 23%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sherwood Parent Staff Organization sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 21st percentile within WA. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($66k), Little League Baseball Inc ($66k) and Bonebrake-Mcmurtrey Foundation Ltd ($66k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 7.4% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.