Casa Serena

Analysis

Casa Serena is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Casa Serena reported income of $4.6m and spending of $4.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.6m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Casa Serena sits at the 79th percentile: it is larger than about 79% 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 Florida Living Options Inc ($4.6m), Biohealth Innovation Inc ($4.6m) and Upmc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $205k (4.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $7.3m against liabilities of $431k, net assets of $6.9m. It reported 91 employees.