Friends of Srims Inc

Analysis

Friends of Srims Inc is a registered charity in United States, based in Exeter, RI. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Srims Inc reported income of $1.9m and spending of $1.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.9m (-2.5%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Srims Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within RI. Charities of a similar size with the same main cause include Kids Putnam Inc ($1.9m), Battle Born Academy Inc ($1.9m) and Cambridge Christian School ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. Other salaries and wages came to $976k. At year end it held assets of $4.7m against liabilities of $4.3m, net assets of $370k. It reported 29 employees.