Sherman Thomas Charter School
Sherman Thomas Charter School consistently operates with a surplus and reports no officer compensation.
EIN: 10589965 · Madera, CA · NTEE: B29 · Updated: 2026-03-28
Is Sherman Thomas Charter School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sherman Thomas Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sherman Thomas Charter School
Sherman Thomas Charter School (EIN: 10589965) is a nonprofit organization based in Madera, CA, classified under NTEE code B29. The organization reported total revenue of $5.9M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sherman Thomas Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sherman Thomas Charter School is a mid-size nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.9M |
| Total Expenses | $5.8M |
| Surplus / Deficit | +$97K |
| Total Assets | $4.6M |
| Total Liabilities | $712K |
| Net Assets | $3.8M |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 9.4 months |
Financial Health Grade: A
In 2024, Sherman Thomas Charter School reported a surplus of $97K with revenue exceeding expenses, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Sherman Thomas Charter School's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -9.1% | +5.3% | -8.2% |
| 2023 | +28.9% | +14.8% | +15.7% |
| 2022 | +10.0% | +18.3% | +42.5% |
| 2021 | -3.1% | -1.9% | +20.3% |
| 2020 | +18.7% | +12.1% | +127.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sherman Thomas Charter School with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Sherman Thomas Charter School allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $97K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with annual revenues nearing $6 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Sherman Thomas Charter School:
- 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.
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 legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Sherman Thomas Charter School spend its money?
Sherman Thomas Charter School directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sherman Thomas Charter School tax-deductible?
Sherman Thomas Charter School is registered as a tax-exempt nonprofit (EIN: 10589965). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sherman Thomas Charter School financially stable?
Yes, the school demonstrates strong financial stability, consistently operating with a surplus in most recent years (e.g., $97,153 in 2024) and showing significant asset growth from $411,322 in 2015 to $4,554,336 in 2024.
How much of its budget goes to programs?
Given the NTEE code for education and the absence of officer compensation, it is highly probable that a very large portion, estimated around 90%, of its expenses are directed towards program services (education).
Does Sherman Thomas Charter School compensate its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all 14 periods, indicating no direct compensation to officers.
Has the school's revenue been growing?
Yes, the school has shown substantial revenue growth, increasing from $1,940,922 in 2015 to $5,915,572 in 2024, with a peak of $6,505,648 in 2023.
Filing History
IRS 990 filing history for Sherman Thomas Charter School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Sherman Thomas Charter School's revenue has grown by 208.5%, moving from $1.9M to $5.9M. Total assets increased by 420.8% over the same period, from $875K to $4.6M. Total functional expenses rose by 227.4%, from $1.8M to $5.8M. In its most recent filing year (2024), Sherman Thomas Charter School reported a surplus of $97K, with revenue exceeding expenses. The organization holds $712K in liabilities against $4.6M in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.9M | $5.8M | $4.6M | $712K | — | View 990 |
| 2023 | $6.5M | $5.5M | $5.0M | $1.2M | — | — |
| 2022 | $5.0M | $4.8M | $4.3M | $1.5M | — | View 990 |
| 2021 | $4.6M | $4.1M | $3.0M | $475K | — | View 990 |
| 2020 | $4.7M | $4.2M | $2.5M | $484K | — | View 990 |
| 2019 | $4.0M | $3.7M | $1.1M | $320K | — | View 990 |
| 2018 | $3.6M | $3.7M | $773K | $275K | — | View 990 |
| 2017 | $3.0M | $2.9M | $876K | $313K | — | View 990 |
| 2016 | $2.6M | $2.4M | $841K | $348K | — | View 990 |
| 2015 | $1.9M | $2.1M | $411K | $67K | — | View 990 |
| 2014 | $2.0M | $2.0M | $710K | $168K | — | View 990 |
| 2013 | $1.8M | $1.8M | $688K | $148K | — | — |
| 2012 | $1.9M | $1.9M | $780K | $290K | — | — |
| 2011 | $1.9M | $1.8M | $875K | $405K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.9M, expenses of $5.8M, and assets of $4.6M (revenue -9.1% year-over-year).
- 2023: Revenue of $6.5M, expenses of $5.5M, and assets of $5.0M (revenue +28.9% year-over-year).
- 2022: Revenue of $5.0M, expenses of $4.8M, and assets of $4.3M (revenue +10.0% year-over-year).
- 2021: Revenue of $4.6M, expenses of $4.1M, and assets of $3.0M (revenue -3.1% year-over-year).
- 2020: Revenue of $4.7M, expenses of $4.2M, and assets of $2.5M (revenue +18.7% year-over-year).
- 2019: Revenue of $4.0M, expenses of $3.7M, and assets of $1.1M (revenue +10.2% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.7M, and assets of $773K (revenue +20.0% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.9M, and assets of $876K (revenue +16.4% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.4M, and assets of $841K (revenue +33.6% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.1M, and assets of $411K (revenue -3.0% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $710K (revenue +10.3% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $688K (revenue -4.4% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $780K (revenue -1.1% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.8M, and assets of $875K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sherman Thomas Charter School:
Data Sources and Methodology
This transparency report for Sherman Thomas Charter School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.