Serve Source

Analysis

Serve Source is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Serve Source reported income of $51k and spending of $48k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $31k to $51k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 71% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Serve Source sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Westmoreland Volunteer Fire Dept Inc ($51k), Fairford Volunteer Fire Department ($51k) and Marion Fire Department ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.