Serra Residential Center

Analysis

Serra Residential Center is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in May 1951, 75 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Serra Residential Center reported income of $4.7m and spending of $4.0m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.7m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Serra Residential Center 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 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include NC Child ($4.7m), Youth Dynamics ($4.7m) and Churches United in Ministry ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $159k (4.0% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $8.8m against liabilities of $368k, net assets of $8.4m. It reported 84 employees.