Serenity Pointe Inc

Analysis

Serenity Pointe Inc is a registered charity in United States, based in Dunlap, TN. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Serenity Pointe Inc reported income of $1.1m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.1m (-64%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Serenity Pointe Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Dowling Park Apartments Inc ($1.1m), Vista Village Inc ($1.1m) and Native American Housing Services Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $11k (1.0% of expenses). Other salaries and wages came to $170k. At year end it held assets of $3.4m against liabilities of $808k, net assets of $2.6m. It reported 45 employees.