Serendipity Center Inc

Analysis

Serendipity Center Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Serendipity Center Inc reported income of $6.4m and spending of $6.9m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $7.2m to $6.4m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Serendipity Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OR. Charities of a similar size with the same main cause include Academy for Urban Scholars ($6.4m), Applewild School ($6.4m) and Heartwood Charter School ($6.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $411k (5.9% of expenses). Other salaries and wages came to $4.2m. It paid $21k in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $690k, net assets of $4.5m. It reported 115 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.