Serafina Arts Inc

Analysis

Serafina Arts Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 2006, 20 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 (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, Serafina Arts Inc reported income of $123k and spending of $132k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $167k to $123k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Serafina Arts Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Fred J Johnston Preservation TR ($123k), Uermmmc Medical Alumni Association of America Inc ($123k) and Carmel Porchfest ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.