Serverie

Analysis

Serverie is a registered charity in United States, based in McKean, PA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Serverie reported income of $153k and spending of $210k, spending 137% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $335k to $153k (-54%), an average of -18% a year. The sharpest change came in the year to August 2022, when income dropped by 42%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Serverie sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Center City Residents Association of Philadelphia ($153k), Cedar Valley Growth Fund I Inc ($153k) and Yielding Accomplished African Women ($153k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $24k (12% of expenses). Other salaries and wages came to $87k. At year end it held assets of $196k against liabilities of $28k, net assets of $168k. It reported 1 employees.