Serenity House of Atlanta Ministries Inc

Analysis

Serenity House of Atlanta Ministries Inc is a registered charity in United States, based in Redan, GA. It received its IRS tax-exemption ruling in September 2013, 13 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 2022, Serenity House of Atlanta Ministries Inc reported income of $546k and spending of $678k, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.1m to $546k (-50%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Serenity House of Atlanta Ministries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include L B S H Housing Corp ($546k), Norwich Housing Corp ($547k) and We Are Up ($546k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (7.0% of expenses). Other salaries and wages came to $146k. At year end it held assets of $1.1m against liabilities of $1.0m, net assets of $111k. It reported 4 employees.

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.