Sertoma Inc

Analysis

Sertoma Inc is a registered charity in United States, based in Norfolk, 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 June 2023, Sertoma Inc reported income of $98k and spending of $61k, leaving 38% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income fell from $105k to $98k (-6.2%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 161%. Over the whole period it spent 89% 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 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Safe Harbor Foundation ($98k), Pearls of Purpose Foundation Inc ($99k) and Mt Juliet Rotary Club Foundationinc ($98k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $282k against liabilities of $0, net assets of $282k.