Scera Corporation

Analysis

Scera Corporation is a registered charity in United States, based in Orem, UT. It received its IRS tax-exemption ruling in February 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Scera Corporation reported income of $3.0m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.3m to $3.0m (+27%), an average of +6.2% a year. The sharpest change came in the year to August 2021, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Scera Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within UT. Charities of a similar size with the same main cause include Merrick Community Services ($3.0m), New Foundations Inc ($3.0m) and Open Door Mission ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $85k (3.0% of expenses). Other salaries and wages came to $920k. At year end it held assets of $6.8m against liabilities of $1.0m, net assets of $5.8m. It reported 125 employees.