Sme Education Foundation

Analysis

Sme Education Foundation is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in October 1987, 39 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, Sme Education Foundation reported income of $13.5m and spending of $6.7m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $13.5m (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 398%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sme Education Foundation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Calvin Theological Seminary ($13.5m), Schenck School Inc ($13.5m) and Luria Academy of Brooklyn ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $295k (4.4% of expenses). Other salaries and wages came to $773k. It paid $98k in professional fundraising fees. At year end it held assets of $34.0m against liabilities of $2.5m, net assets of $31.5m. It reported 11 employees.