Sirius Inc

Analysis

Sirius Inc is a registered charity in United States, based in Shutesbury, MA. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Sirius Inc reported income of $278k and spending of $277k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $278k (+54%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sirius Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Bridge to Life Ministries ($278k), Beaumont Dream Center ($278k) and Smokin on the Rio Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 94% of the total. Other salaries and wages came to $100k. At year end it held assets of $554k against liabilities of $84k, net assets of $470k. It reported 8 employees.