Smithville Diamonds

Analysis

Smithville Diamonds is a registered charity in United States, based in Smithville, IN. It received its IRS tax-exemption ruling in June 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Smithville Diamonds reported income of $58k and spending of $58k, spending 100% of its income. Across the 2 years on record, from August 2023 to August 2024, income fell from $106k to $58k (-46%), an average of -46% a year. The sharpest change came in the year to August 2024, when income dropped by 46%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Smithville Diamonds sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within IN. Charities of a similar size with the same main cause include National Bird Hunters Association Inc ($57k), Ocean City Yacht Club Foundation Inc ($58k) and Lakers Sports Club Inc ($57k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 22% and program service revenue 35% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.