Serra Foundation Inc

Analysis

Serra Foundation Inc is a registered charity in United States, based in Weirton, WV. It received its IRS tax-exemption ruling in October 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Serra Foundation Inc reported income of $1.3m and spending of $87k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $1.3m (+247%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 15% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Serra Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within WV. Charities of a similar size with the same main cause include J U Kevil Memorial Foundation Inc ($1.3m), Assisi Village Inc ($1.3m) and National Center for Learning Disabilities Inc ($1.3m).

At year end it held assets of $16.3m against liabilities of $571k, net assets of $15.7m.