SRS Education

Analysis

SRS Education is a registered charity in United States, based in Monroe, UT. It received its IRS tax-exemption ruling in April 2016, 10 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 December 2023, SRS Education reported income of $979k and spending of $1.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $979k (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, SRS Education 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 79th percentile, and in the 77th percentile within UT. Charities of a similar size with the same main cause include Tech Foundry Inc ($978k), Redeemer Christian School Incorporated ($979k) and Chetek Weyerhaeuser Scholarship Foundation Inc ($978k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $230k (21% of expenses). Other salaries and wages came to $660k. At year end it held assets of $326k against liabilities of $6,888, net assets of $319k.