Serenity Seniors Home Inc

Analysis

Serenity Seniors Home Inc is a registered charity in United States, based in Compton, CA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Serenity Seniors Home Inc reported income of $1.7m and spending of $1.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Serenity Seniors Home Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Sarahs Place Inc ($1.7m), Gleh Los Angeles Corporation ($1.7m) and Bonifacio Cora Texidor Housing Developement Fund Corp ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $102k (6.5% of expenses). Other salaries and wages came to $485k. At year end it held assets of $1.3m against liabilities of $251k, net assets of $1.1m. It reported 15 employees.