Serc Foundation

Analysis

Serc Foundation is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Serc Foundation reported income of $359k and spending of $279k, leaving 22% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $223k to $359k (+61%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Serc Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Heartlight Center Inc ($359k), Scottsdale Leadership Inc ($359k) and Urban Youth Racing School Inc ($359k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $354k against liabilities of $155k, net assets of $199k.