Smith Street Common Inc

Analysis

Smith Street Common Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Smith Street Common Inc reported income of $67k and spending of $62k, spending 93% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $69k to $67k (-3.4%), an average of -3.4% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Smith Street Common Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Bob Davis Male Veterans Shelter Inc ($67k), Caldwell-Dawson Living Center Foundation Inc ($67k) and LA Verne K-9 & Police Foundation ($66k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 20% of the total. At year end it held assets of $377k against liabilities of $323k, net assets of $55k.