Serenity Homes

Analysis

Serenity Homes is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in September 2021, 5 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, Serenity Homes reported income of $328k and spending of $80k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $272k to $328k (+21%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serenity Homes sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Safe Harbor Haven Inc ($328k), Cooking with Gabby ($328k) and Ada Senior Care Center Inc ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $75k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 5 employees.