Serene Harbor Inc

Analysis

Serene Harbor Inc is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Serene Harbor Inc reported income of $1.5m and spending of $1.2m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $812k to $1.5m (+82%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Serene Harbor Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Lasalle Park Homes Inc ($1.5m), The Coalition of Florida Farmworker ($1.5m) and Newton Community Development Founation II Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $121k (9.8% of expenses). Other salaries and wages came to $538k. At year end it held assets of $2.0m against liabilities of $79k, net assets of $1.9m. It reported 36 employees.