Sire Inc

Analysis

Sire Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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 June 2023, Sire Inc reported income of $2.8m and spending of $1.6m, leaving 42% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.8m (+115%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 150%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sire Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Gordon State College Foundation Inc ($2.8m), The Uva School of Education and Human Development Foundation Inc ($2.8m) and Lutheran Music Program ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $105k (6.5% of expenses). Other salaries and wages came to $550k. At year end it held assets of $8.3m against liabilities of $3.2m, net assets of $5.0m. It reported 30 employees.