Seraphic Fire Inc

Analysis

Seraphic Fire Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Seraphic Fire Inc reported income of $1.9m and spending of $2.2m, spending 113% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.7m to $1.9m (+16%), an average of +3.7% a year. The sharpest change came in the year to May 2022, when income rose by 82%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seraphic Fire Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Feed Our Veterans ($1.9m), Women and Childrens Horizons Inc ($1.9m) and Gulf County Association for Retarded Citizens Inc ($1.9m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 79% and program service revenue 18% of the total. Other salaries and wages came to $524k. At year end it held assets of $1.8m against liabilities of $259k, net assets of $1.5m. It reported 11 employees.