Annette and Paul Smith Charitable Fund

Analysis

Annette and Paul Smith Charitable Fund is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Annette and Paul Smith Charitable Fund reported income of $3.6m and spending of $3.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $3.6m (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2022, when income rose by 7560%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Annette and Paul Smith Charitable Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within NE. Charities of a similar size with the same main cause include Independent Group Home Living ($3.5m), 4roots Foundation Inc ($3.6m) and Volunteernow ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $981k against liabilities of $3,032, net assets of $978k.