Smith Memorial Playgrounds

Analysis

Smith Memorial Playgrounds is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 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 (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, Smith Memorial Playgrounds reported income of $2.3m and spending of $1.4m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.3m (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Smith Memorial Playgrounds sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Columbine-Lakewood Colorado Soccer Association ($2.3m), Minot Junior Golf Association Inc ($2.3m) and Denver Tennis Park Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $137k (9.5% of expenses). Other salaries and wages came to $471k. At year end it held assets of $2.1m against liabilities of $709k, net assets of $1.4m. It reported 35 employees.