Villa Serena Inc

Analysis

Villa Serena Inc is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Villa Serena Inc reported income of $78k and spending of $148k, spending 191% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $65k to $78k (+19%), an average of +3.6% a year. Over the whole period it spent 200% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Villa Serena Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Family Promise of Escambia County Inc ($78k), Habitat for Humanity International Inc ($78k) and Chamberlain Grandview Properties Inc ($78k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $1.9m against liabilities of $2.8m, net assets of -$905k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.