Smart Futures

Analysis

Smart Futures is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Smart Futures reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $291k to $1.6m (+437%), an average of +52% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Smart Futures sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Grand Rapids Early Discovery ($1.6m), Sweetwater Family Resource Center ($1.6m) and Operation Recovery Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $242k (16% of expenses). Other salaries and wages came to $572k. At year end it held assets of $672k against liabilities of $358k, net assets of $314k. It reported 12 employees.