Cerenity Inc

Analysis

Cerenity Inc is a registered charity in United States, based in LA Plata, MD. It received its IRS tax-exemption ruling in January 2017, 9 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 June 2023, Cerenity Inc reported income of $2.0m and spending of $2.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.0m (+91%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cerenity Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include CGLR Foundation ($2.0m), Michael Fields Agricultural Institute Inc ($2.0m) and Ashtabula County Day Care Center Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $648k against liabilities of $125k, net assets of $523k. It reported 46 employees.