Edwin O Smith Foundation Inc

Analysis

Edwin O Smith Foundation Inc is a registered charity in United States, based in Storrs Manfld, CT. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Edwin O Smith Foundation Inc reported income of $122k and spending of $178k, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $93k to $122k (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 157%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edwin O Smith Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include Thomasville TD Club Inc ($122k), Education Foundation of Fairfield Public Schools Inc ($122k) and Hillendale Elementary School PTO ($122k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.