Serviam Girls Academy Inc

Analysis

Serviam Girls Academy Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in August 2007, 19 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Serviam Girls Academy Inc reported income of $933k and spending of $1.8m, spending 194% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $933k (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2022, when income rose by 173%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Serviam Girls Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within DE. Charities of a similar size with the same main cause include Cabrini Housing Development Fund Corporation ($933k), Citizens Concerned for Children ($933k) and McCurdy School of Northern New Mexico ($933k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $73k (4.1% of expenses). Other salaries and wages came to $945k. At year end it held assets of $4.1m against liabilities of $1.3m, net assets of $2.9m. It reported 23 employees.