Surplus Lines Stamping Office of Texas

Analysis

Surplus Lines Stamping Office of Texas is a registered charity in United States, based in Pflugerville, TX. It received its IRS tax-exemption ruling in February 1989, 37 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, Surplus Lines Stamping Office of Texas reported income of $11.7m and spending of $8.7m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.5m to $11.7m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Surplus Lines Stamping Office of Texas sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Arizonas Catholic Tuition Support Organization ($11.7m), Heating Piping & Refrigeration Training Fund ($11.7m) and Imperial Valley Food Bank ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.3m (15% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $41.6m against liabilities of $1.2m, net assets of $40.3m. It reported 29 employees.