SRQ Vets Inc

Analysis

SRQ Vets Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, SRQ Vets Inc reported income of $139k and spending of $87k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $139k (+150%), an average of +150% a year. The sharpest change came in the year to December 2023, when income rose by 150%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, SRQ Vets Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Keeping Our Kids First ($139k), Latino Peace Officers Association ($139k) and Inca the Peruvian Music & Dance Ensemble ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.