Serenity Care Inc

Analysis

Serenity Care Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Serenity Care Inc reported income of $44.2m and spending of $44.5m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $34.3m to $44.2m (+29%), an average of +6.6% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serenity Care Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Aabr Inc ($44.1m), McGuire Memorial ($44.3m) and Mount Olivet Rolling Acres Inc ($44.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.4m (3.1% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $15.8m against liabilities of $7.3m, net assets of $8.5m. It reported 71 employees.