Sertoma Inc

Analysis

Sertoma Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in January 1964, 62 years ago. 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 $62k and spending of $42k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $29k to $62k (+117%), an average of +117% a year. The sharpest change came in the year to June 2023, when income rose by 117%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sertoma Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Bellevue Baseball Boosters ($62k), Seattle Childrens Hospital ($62k) and Kids 4 Ever Inc ($62k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.