S M Wright Foundation

Analysis

S M Wright Foundation is a registered charity in United States, based in Farmers BRNCH, TX. It received its IRS tax-exemption ruling in January 1999, 27 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 December 2022, S M Wright Foundation reported income of $1.1m and spending of $1.2m, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $894k to $1.1m (+28%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, S M Wright Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include East Bay Spanish Speaking Citizens Foundation ($1.1m), D a R T Domestic Abuse Resistance Team of Lincoln ($1.1m) and Bozeman Senior Social Center Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $181k (16% of expenses). Other salaries and wages came to $33k. At year end it held assets of $67k against liabilities of $0, net assets of $67k. It reported 6 employees.