Sergents Way Inc

Analysis

Sergents Way Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sergents Way Inc reported income of $87k and spending of $116k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $85k to $87k (+2.5%), an average of +0.6% a year. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sergents Way Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Bright Star Stables ($87k), Cassville Pantry ($87k) and Heroes Hunting Foundation ($87k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $397k against liabilities of $763k, net assets of -$367k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.