Serenity Inns Inc

Analysis

Serenity Inns Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Serenity Inns Inc reported income of $1.1m and spending of $839k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $761k to $1.1m (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serenity Inns Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Kodiak Womens Resource and Crisis Center ($1.1m), Society of St Vincent de Paul Archdiocesan Council of Ok City ($1.1m) and Rapides Council on Aging ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $136k (16% of expenses). Other salaries and wages came to $284k. At year end it held assets of $1.5m against liabilities of $35k, net assets of $1.5m. It reported 12 employees.