Sherwood Forest Plantationfoundation
Sherwood Forest Plantationfoundation consistently operates at a deficit, relying on substantial assets to cover expenses.
EIN: 208043826 · Charles City, VA · NTEE: A80 · Updated: 2026-03-28
Is Sherwood Forest Plantationfoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sherwood Forest Plantationfoundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sherwood Forest Plantationfoundation
Sherwood Forest Plantationfoundation (EIN: 208043826) is a nonprofit organization based in Charles City, VA, classified under NTEE code A80. The organization reported total revenue of $304K and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sherwood Forest Plantationfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sherwood Forest Plantationfoundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $193K |
| Total Expenses | $594K |
| Surplus / Deficit | $-401,133 |
| Total Assets | $14.1M |
| Total Liabilities | $1 |
| Net Assets | $14.1M |
| Operating Margin | -207.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 283.8 months |
Financial Health Grade: B
In 2023, Sherwood Forest Plantationfoundation reported a deficit of $401K with expenses exceeding revenue, holds 283.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Sherwood Forest Plantationfoundation's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.8% | +6.9% | -2.8% |
| 2022 | -22.8% | +0.7% | -1.5% |
| 2021 | +44.7% | -12.7% | -1.0% |
| 2020 | -92.8% | -9.6% | -1.9% |
| 2019 | +116.5% | +16.5% | +48.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Sherwood Forest Plantationfoundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Sherwood Forest Plantationfoundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $401K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or compensation levels below IRS reporting thresholds, which is a positive indicator for minimizing overhead related to executive pay.
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.
Red Flags
The following concerns were identified during AI analysis of Sherwood Forest Plantationfoundation's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 revenue $193,195 vs. expenses $594,328)
- Declining asset base over the last few years (e.g., $14,674,837 in 2021 to $14,055,345 in 2023), potentially due to covering deficits
- Lack of detailed functional expense breakdown in provided data, hindering full spending efficiency analysis
Strengths
The following positive indicators were identified for Sherwood Forest Plantationfoundation:
- Substantial asset base ($14,055,345 in 2023) provides financial stability despite deficits
- Consistently reports 0% officer compensation, indicating efficient use of funds for executive leadership
- Low liabilities across most reporting periods (e.g., $1 in 2023, 2022, 2021)
Frequently Asked Questions about Sherwood Forest Plantationfoundation
Is Sherwood Forest Plantationfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sherwood Forest Plantationfoundation (EIN: 208043826) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Sherwood Forest Plantationfoundation spend its money?
Sherwood Forest Plantationfoundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sherwood Forest Plantationfoundation tax-deductible?
Sherwood Forest Plantationfoundation is registered as a tax-exempt nonprofit (EIN: 208043826). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sherwood Forest Plantationfoundation plan to address its recurring operational deficits?
The provided data shows consistent operational deficits, with expenses exceeding revenue in most recent years (e.g., $594,328 expenses vs. $193,195 revenue in 2023). The organization would need to outline strategies for increasing revenue or reducing expenses to achieve financial sustainability.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The summary data does not provide a detailed functional expense breakdown. This information is crucial for understanding how efficiently the organization allocates its resources towards its mission versus overhead.
What is the source of the significant revenue spike in 2019 ($4,218,692) and 2015 ($1,948,652) compared to other years?
The filings show unusually high revenue in 2019 and 2015. Understanding the nature of these large inflows (e.g., major grants, bequests, asset sales) is important for assessing the predictability and sustainability of the organization's funding model.
Filing History
IRS 990 filing history for Sherwood Forest Plantationfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sherwood Forest Plantationfoundation's revenue has declined by 46.2%, moving from $359K to $193K. Total assets increased by 57.8% over the same period, from $8.9M to $14.1M. Total functional expenses rose by 97.8%, from $301K to $594K. In its most recent filing year (2023), Sherwood Forest Plantationfoundation reported a deficit of $401K, with expenses exceeding revenue. The organization holds $1 in liabilities against $14.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $193K | $594K | $14.1M | $1 | — | — |
| 2022 | $337K | $556K | $14.5M | $1 | — | View 990 |
| 2021 | $437K | $552K | $14.7M | $1 | — | View 990 |
| 2020 | $302K | $632K | $14.8M | $40K | — | View 990 |
| 2019 | $4.2M | $699K | $15.1M | $1 | — | — |
| 2015 | $1.9M | $601K | $10.2M | $36K | — | View 990 |
| 2014 | $413K | $529K | $8.8M | $18K | — | View 990 |
| 2013 | $356K | $506K | $8.9M | $0 | — | View 990 |
| 2012 | $593K | $421K | $9.1M | $0 | — | View 990 |
| 2011 | $359K | $301K | $8.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $193K, expenses of $594K, and assets of $14.1M (revenue -42.8% year-over-year).
- 2022: Revenue of $337K, expenses of $556K, and assets of $14.5M (revenue -22.8% year-over-year).
- 2021: Revenue of $437K, expenses of $552K, and assets of $14.7M (revenue +44.7% year-over-year).
- 2020: Revenue of $302K, expenses of $632K, and assets of $14.8M (revenue -92.8% year-over-year).
- 2019: Revenue of $4.2M, expenses of $699K, and assets of $15.1M (revenue +116.5% year-over-year).
- 2015: Revenue of $1.9M, expenses of $601K, and assets of $10.2M (revenue +371.7% year-over-year).
- 2014: Revenue of $413K, expenses of $529K, and assets of $8.8M (revenue +16.1% year-over-year).
- 2013: Revenue of $356K, expenses of $506K, and assets of $8.9M (revenue -40.0% year-over-year).
- 2012: Revenue of $593K, expenses of $421K, and assets of $9.1M (revenue +65.0% year-over-year).
- 2011: Revenue of $359K, expenses of $301K, and assets of $8.9M.
Data Sources and Methodology
This transparency report for Sherwood Forest Plantationfoundation 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.