Serenity Foundation of Texas

Analysis

Serenity Foundation of Texas is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 August 2023, Serenity Foundation of Texas reported income of $6.3m and spending of $6.7m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $8.2m to $6.3m (-23%), an average of -6.5% a year. The sharpest change came in the year to August 2020, when income dropped by 32%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Serenity Foundation of Texas sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Gigis Playhouse Inc ($6.3m), Managed Access to Child Health Inc ($6.3m) and Michigan Center for Rural Health ($6.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $114k (1.7% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $10.2m against liabilities of $652k, net assets of $9.6m. It reported 217 employees.