Serenbe Art Farm for Arts and Education Corporation

Analysis

Serenbe Art Farm for Arts and Education Corporation is a registered charity in United States, based in Palmetto, GA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Serenbe Art Farm for Arts and Education Corporation reported income of $1.7m and spending of $1.4m, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.0m to $1.7m (+62%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Serenbe Art Farm for Arts and Education Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Ridgefield Historical Society ($1.7m), The Center for Photography at Woodstock Inc ($1.7m) and Muscarelle Museum of Art Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $259k. At year end it held assets of $1.5m against liabilities of $30k, net assets of $1.5m. It reported 3 employees.