Serenity Transformation Home I Inc

Analysis

Serenity Transformation Home I Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 2015, 11 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 Transformation Home I Inc reported income of $230k and spending of $102k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $230k (+177%), an average of +177% a year. The sharpest change came in the year to December 2023, when income rose by 177%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serenity Transformation Home I Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Wesleyan Homes II of Troy Inc ($230k), Restore Childhood ($230k) and Circle of Friends Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $185k against liabilities of $0, net assets of $185k. It reported 1 employees.