L B Smith Estate Foundation Inc

Analysis

L B Smith Estate Foundation Inc is a registered charity in United States, based in Camp Hill, PA. It received its IRS tax-exemption ruling in January 1973, 53 years ago. 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, L B Smith Estate Foundation Inc reported income of $336k and spending of $391k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $962k to $336k (-65%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 65%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, L B Smith Estate Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Kids & Company Day Care Inc ($336k), West Universtiy Tri-Sports Association ($336k) and Alabama Power Service Organization Inc ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $6.9m against liabilities of $88k, net assets of $6.8m.