Ser Corporation

Analysis

Ser Corporation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Ser Corporation reported income of $1.2m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.2m (+15%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ser Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KS. Charities of a similar size with the same main cause include Circle Venture ($1.2m), Refuge Coffee Inc ($1.2m) and Watch Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (6.8% of expenses). Other salaries and wages came to $487k. At year end it held assets of $86k against liabilities of $72k, net assets of $13k. It reported 11 employees.