Serra International Foundation

Analysis

Serra International Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1953, 73 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 Foundation reported income of $200k and spending of $246k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $146k to $200k (+37%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 139%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Serra International Foundation sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include The Whit Program Inc ($200k), Kalamazoo Choral Arts Inc ($200k) and Road Runners Club of America ($200k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $5,000. At year end it held assets of $2.4m against liabilities of $17k, net assets of $2.4m. It reported 1 employees.