Cetera Inc

Analysis

Cetera Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cetera Inc reported income of $1.0m and spending of $1.1m, spending 103% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $823k to $1.0m (+27%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cetera Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Saint Vincent Mission Inc ($1.0m), Reach Foundation ($1.0m) and Community Christian Service Agency Inc ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $159k (15% of expenses). Other salaries and wages came to $58k. At year end it held assets of $339k against liabilities of $49k, net assets of $290k. It reported 3 employees.