Sertoma Inc

Analysis

Sertoma Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in January 1964, 62 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Sertoma Inc reported income of $167k and spending of $174k, spending 104% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $239k to $167k (-30%), an average of -11% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sertoma Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Friends of Northern Hills Training Center Inc ($167k), New Beginnings Orphanages ($167k) and People Helping People of Fauguier County Inc ($167k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 72% of the total. At year end it held assets of $284k against liabilities of $0, net assets of $284k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.