Serbian Philanthropic Association Inc

Analysis

Serbian Philanthropic Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Serbian Philanthropic Association Inc reported income of $423k and spending of $416k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $237k to $423k (+78%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serbian Philanthropic Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Cumberland Valley Volunteer Firemens Association ($423k), Child Development Nutrition Program Inc ($423k) and Parceleras Afrocaribenas Por LA Transformacion Barrial Inc ($423k).

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 $12k against liabilities of $0, net assets of $12k.