Lets Be Smart Inc

Analysis

Lets Be Smart Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 December 2023, Lets Be Smart Inc reported income of $127k and spending of $125k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $232k to $127k (-46%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 97% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Lets Be Smart Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Monadnock Kitty Rescue and Adoption ($127k), Happened by Chance Horses Inc ($127k) and Skagit Animals in Need ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,214 against liabilities of $1,769, net assets of $5,445.