Sertoma Inc

Analysis

Sertoma Inc is a registered charity in United States, based in Sarasota, FL. 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 $186k and spending of $186k, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $130k to $186k (+43%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 101% 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 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Marie Elise Fund ($186k), Ripitt Foundation ($186k) and New Hampshire Troopers Foundation Inc ($186k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $44k against liabilities of $1,000, net assets of $43k.