Sertoma Inc

Analysis

Sertoma Inc is a registered charity in United States, based in Nashville, TN. 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 2024, Sertoma Inc reported income of $2.3m and spending of $194k, leaving 92% of income unspent that year. Across the 4 years on record, from June 2020 to June 2024, income grew from $127k to $2.3m (+1699%), an average of +162% a year. The sharpest change came in the year to June 2024, when income rose by 1369%. Over the whole period it spent 26% 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 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Robert E Black Memorial Trust ($2.3m), Looking Out Foundation ($2.3m) and Northeast Delta Dental Foundation Inc ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.9% of the total. Compensation of current officers, directors and key employees was $22k (11% of expenses). At year end it held assets of $2.2m against liabilities of $50k, net assets of $2.1m.