Serve Syracuse Inc

Analysis

Serve Syracuse Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in September 2016, 10 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 December 2023, Serve Syracuse Inc reported income of $62k and spending of $186k, spending 302% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $244k to $62k (-75%), an average of -37% a year. The sharpest change came in the year to December 2022, when income rose by 562%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Serve Syracuse 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 26th percentile within NY. Charities of a similar size with the same main cause include Fremont Community Theater and Literary Society ($62k), Mercy Health Foundation ($62k) and Historic Vevay Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $252k against liabilities of $0, net assets of $252k.