Serra International

Analysis

Serra International is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1949, 77 years ago. 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 2022, Serra International reported income of $691k and spending of $735k, spending 106% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $852k to $691k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Serra International sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Crossroads Publications ($691k), Institute for Truck Transportation Management ($691k) and Foothill Athletic Boosters Corporation ($691k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 50% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $163k (22% of expenses). Other salaries and wages came to $119k. At year end it held assets of $345k against liabilities of $218k, net assets of $127k. It reported 5 employees.