Sima Studios

Analysis

Sima Studios is a registered charity in United States, based in W Hollywood, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Sima Studios reported income of $1.0m and spending of $990k, spending 96% of its income. Across the 4 years on record, from March 2019 to March 2023, income grew from $220k to $1.0m (+371%), an average of +68% a year. The sharpest change came in the year to March 2021, when income rose by 218%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sima Studios sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Brighthouse Inc ($1.0m), Whispering Meadows Ranch Inc ($1.0m) and Acadia Council on Aging ($1.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $92k. At year end it held assets of $103k against liabilities of $17k, net assets of $87k. It reported 2 employees.