Serge Global Inc

Analysis

Serge Global Inc is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in January 1981, 45 years ago. 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 May 2024, Serge Global Inc reported income of $30.4m and spending of $28.6m, spending 94% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $19.0m to $30.4m (+60%), an average of +9.8% a year. The sharpest change came in the year to May 2022, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Serge Global Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Missouri Coalition for Community Behavioral Healthcare ($30.4m), Westminster Theological Seminary ($30.4m) and Grace Cascade Christian Schools ($30.3m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $498k (1.7% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $16.9m against liabilities of $2.2m, net assets of $14.7m. It reported 274 employees.