Sherman Foundation

Analysis

Sherman Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in November 1952, 74 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 September 2024, Sherman Foundation reported income of $8.4m and spending of $3.7m, leaving 56% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income grew from $1.7m to $8.4m (+399%), an average of +38% a year. The sharpest change came in the year to September 2023, when income rose by 78%. Over the whole period it spent 71% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Sherman Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include North Carolina League of Conservation Voters Foundation Inc ($8.4m), Regulatory Assistance Project ($8.4m) and Conservancy for Cuyahoga Valley National Park ($8.4m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 68% and program service revenue 5.0% of the total. Other salaries and wages came to $1.8m. It paid $82k in professional fundraising fees. At year end it held assets of $27.5m against liabilities of $178k, net assets of $27.4m. It reported 48 employees.