Karla Smith Foundation

Analysis

Karla Smith Foundation is a registered charity in United States, based in O Fallon, IL. It received its IRS tax-exemption ruling in March 2024, 2 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 (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, Karla Smith Foundation reported income of $521k and spending of $558k, spending 107% of what it took in. Across the 2 years on record, from December 2019 to December 2023, income grew from $444k to $521k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Karla Smith Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Bridges Mental Health Consumer Empowerment ($521k), Frontier Ambulance Corporation ($521k) and Solutions Education Center Inc ($521k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (13% of expenses). Other salaries and wages came to $130k. At year end it held assets of $523k against liabilities of $1,737, net assets of $521k. It reported 6 employees.