Usarms Inc

Analysis

Usarms Inc is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in October 2017, 9 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, Usarms Inc reported income of $53k and spending of $64k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $164k to $53k (-68%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 189%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Usarms Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Friends of the Skowhegan Free Public Library ($53k), Ripon Elementary Parent Facultyclub Inc ($53k) and Barbara Benson Elementary School P T O ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3 against liabilities of $129k, net assets of -$129k.