Smart Family Literacy Inc

Analysis

Smart Family Literacy Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Smart Family Literacy Inc reported income of $480k and spending of $475k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $480k (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Smart Family Literacy Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Lake Geauga Educational Assistance Foundation ($480k), Vero Classical School ($480k) and Voices of Pacific Island Nations Vpin ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $61k (13% of expenses). Other salaries and wages came to $134k. At year end it held assets of $105k against liabilities of $4,401, net assets of $101k. It reported 6 employees.