Sertoma Star Services Inc

Analysis

Sertoma Star Services Inc is a registered charity in United States, based in Chicago HTS, IL. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Sertoma Star Services Inc reported income of $18.5m and spending of $15.5m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.3m to $18.5m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sertoma Star Services 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 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include North East Texas Workforce Development Board Inc ($18.4m), Delaware River Waterfront Corporation ($18.5m) and Western Dairyland Economic Opportunity Council Incorporated ($18.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $367k (2.4% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $20.0m against liabilities of $5.6m, net assets of $14.4m. It reported 528 employees.