Simxa Company Inc

Analysis

Simxa Company Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Simxa Company Inc reported income of $420k and spending of $423k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $236k to $420k (+78%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Simxa Company Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Gather at the Table Inc ($420k), Connecticut Sikh Association Inc ($420k) and Iowa All Nations Baptist Church ($420k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 58% of the total. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $102k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.