Sertoma Inc

Analysis

Sertoma Inc is a registered charity in United States, based in Suffolk, VA. 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 December 2023, Sertoma Inc reported income of $84k and spending of $72k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $84k (+147%), an average of +147% a year. The sharpest change came in the year to December 2023, when income rose by 147%. Over the whole period it spent 95% 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 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Tyner Family Foundation ($84k), Dante Foundation of Nassau County Inc ($84k) and Starfish Partners Foundation Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.