Bennett W Smith Family Life Incorporated

Analysis

Bennett W Smith Family Life Incorporated is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Bennett W Smith Family Life Incorporated reported income of $153k and spending of $153k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $85k to $153k (+80%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bennett W Smith Family Life Incorporated sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Portage Park District Foundation ($153k), Hudson Hawks Youth Football Association ($153k) and Friends of California Mens Crew ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $10k against liabilities of $176k, net assets of -$166k.