Sertoma Inc

Analysis

Sertoma Inc is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in January 1964, 62 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Sertoma Inc reported income of $72k and spending of $71k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $86k to $72k (-16%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sertoma Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Euphonium Foundation ($72k), Area Committees Association Inc ($72k) and Manawa Area Veterans Freedom Park Inc ($72k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.