SRM US Inc

Analysis

SRM US Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, SRM US Inc reported income of $144k and spending of $23k, leaving 84% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $160k to $144k (-9.9%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 16% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, SRM US Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Theatre Network of Texas Inc ($144k), Wilson Tourism Hub Inc ($144k) and Mudra Dance Studio ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $541k against liabilities of $0, net assets of $541k.