Supporting Initiatives to Redistribute Unused Medicine-Sirum

Analysis

Supporting Initiatives to Redistribute Unused Medicine-Sirum is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Supporting Initiatives to Redistribute Unused Medicine-Sirum reported income of $23.2m and spending of $28.6m, spending 123% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $12.2m to $23.2m (+91%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 148%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Supporting Initiatives to Redistribute Unused Medicine-Sirum sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Planned Parenthood Gulf Coast Inc ($23.2m), Easterseals Florida Inc ($23.2m) and Dartmouth-Hitchcock Health ($23.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $767k (2.7% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $22.4m against liabilities of $1.7m, net assets of $20.7m. It reported 46 employees.