Simiode

Analysis

Simiode is a registered charity in United States, based in Chardon, OH. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Simiode reported income of $50k and spending of $95k, spending 189% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $50k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 193% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Simiode sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include Calef Memorial Library ($50k), Titans Tutoring ($50k) and Nolan Moore Memorial Education Foundation Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $165k, net assets of -$152k.