Megs Smile Foundation Inc

Analysis

Megs Smile Foundation Inc is a registered charity in United States, based in Holly Springs, NC. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Megs Smile Foundation Inc reported income of $232k and spending of $222k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $232k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Megs Smile Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Dyslexic Advantage ($232k), Financial Assistance for Cancer Treatment Inc ($233k) and Motorcycle Missions ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $482k against liabilities of $0, net assets of $482k.