Cerenity Senior Care

Analysis

Cerenity Senior Care is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Cerenity Senior Care reported income of $33.7m and spending of $33.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.2m to $33.7m (+8.0%), an average of +2.0% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cerenity Senior Care sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Fountain House Inc ($33.7m), Medical Center Emergency Services ($33.7m) and Mercy Harvard Hospital Inc ($33.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Other salaries and wages came to $12.0m. At year end it held assets of $45.1m against liabilities of $33.5m, net assets of $11.6m. It reported 504 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.