Foundation for SMFM

Analysis

Foundation for SMFM is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Foundation for SMFM reported income of $573k and spending of $1.3m, spending 231% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $573k (-70%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for SMFM sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Communities in Schools of Rowan ($573k), Northern Lights Guardianship ($573k) and J O Y Academy of Southern Nevada ($573k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Compensation of current officers, directors and key employees was $126k (9.5% of expenses). Other salaries and wages came to $302k. At year end it held assets of $9.2m against liabilities of $938k, net assets of $8.3m. It reported 3 employees.