Mason G Smoak Foundation Inc

Analysis

Mason G Smoak Foundation Inc is a registered charity in United States, based in Lake Placid, FL. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mason G Smoak Foundation Inc reported income of $120k and spending of $117k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $122k to $120k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mason G Smoak Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Gatesway Residential Alternatives Inc ($120k), Lakeshore Community Pantry ($120k) and Camp Fiesta Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $46k (39% of expenses). At year end it held assets of $694k against liabilities of $1,021, net assets of $693k. It reported 1 employees.