Social Movement Technologies Foundation Inc

Analysis

Social Movement Technologies Foundation Inc is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in March 2015, 11 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Social Movement Technologies Foundation Inc reported income of $761k and spending of $459k, leaving 40% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $427k to $761k (+78%), an average of +16% a year. The sharpest change came in the year to July 2021, when income rose by 114%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Social Movement Technologies Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Eat Better Live Better Inc ($760k), Hillel the Foundation for Jewish Campus Life ($761k) and Secured Finance Foundation ($760k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 4.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $118k (26% of expenses). Other salaries and wages came to $91k. At year end it held assets of $1.3m against liabilities of $215k, net assets of $1.1m. It reported 5 employees.