Serendipity Mercantile

Analysis

Serendipity Mercantile is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in April 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 (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, Serendipity Mercantile reported income of $131k and spending of $147k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $131k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serendipity Mercantile sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Quilts of Honor America ($131k), Minors in Need of Resettlement Inc Minors ($131k) and East West Communities Foundation ($131k).

Compensation of current officers, directors and key employees was $56k (38% of expenses). Other salaries and wages came to $2,278. At year end it held assets of $5,291 against liabilities of $7,432, net assets of -$2,141. It reported 3 employees.