Quick charity verification for Sherman Thomas Charter School (EIN: 10589965)
Verdict: Sherman Thomas Charter School appears trustworthy
92/100Mission Score
$5.9MRevenue
$4.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent operational surpluses, such as $97,153 in 2024 and $978,895 in 2023.
Zero reported officer compensation across all 14 filings, indicating high efficiency and dedication of resources to mission.
Significant asset growth from $411,322 in 2015 to $4,554,336 in 2024.
Strong revenue growth over the past decade, demonstrating increasing support and scale.
Low liabilities relative to assets, with liabilities at $711,611 against assets of $4,554,336 in 2024.
Spending Breakdown
How Sherman Thomas Charter School allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Sherman Thomas Charter School
Is Sherman Thomas Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Sherman Thomas Charter School (EIN: 10589965) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Sherman Thomas Charter School a good charity to donate to?
Sherman Thomas Charter School has a Mission Score of 92/100. Revenue: $5.9M. Assets: $4.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sherman Thomas Charter School?
The Employer Identification Number (EIN) for Sherman Thomas Charter School is 10589965. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Sherman Thomas Charter School spend its money?
Sherman Thomas Charter School allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sherman Thomas Charter School's tax-exempt status?
You can verify Sherman Thomas Charter School's tax-exempt status using EIN 10589965 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Sherman Thomas Charter School demonstrates consistent financial health with a positive net income in most recent years, indicating sound fiscal management. For instance, in 2024, revenue was $5,915,572 against expenses of $5,818,419, resulting in a surplus. The organization's assets have also shown a general upward trend over the past decade, growing from $411,322 in 2015 to $4,554,336 in 2024, suggesting responsible asset accumulation. The school's spending efficiency appears strong, as evidenced by its consistent operational surpluses and the fact that no officer compensation is reported, which typically indicates a high proportion of funds are directed towards program services rather than administrative overhead.
The school's transparency is commendable, particularly given the absence of reported officer compensation across all available filings. This suggests that leadership may be volunteer-based or compensated through other means not classified as officer compensation, which is a positive indicator for a nonprofit. The consistent filing of IRS Form 990s over 14 periods further enhances its transparency, providing a clear historical financial record for public scrutiny. Overall, Sherman Thomas Charter School appears to be a financially stable and efficiently managed educational institution.