Sertoma Center Inc

Analysis

Sertoma Center Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 1972, 54 years ago. 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, Sertoma Center Inc reported income of $13.4m and spending of $12.8m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.1m to $13.4m (+11%), an average of +3.4% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sertoma Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Davinci Academy of Science and the Arts ($13.4m), Common Cause Education Fund ($13.4m) and National Brain Tumor Society Inc ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $126k (1.0% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $11.5m against liabilities of $718k, net assets of $10.8m. It reported 264 employees.