Lets Smile

Analysis

Lets Smile is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Lets Smile reported income of $190k and spending of $235k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $320k to $190k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lets Smile sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Gwendolyns Gifts ($190k), Soul Friends Inc ($190k) and North Central Regional Ems & Trauma Care Council ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $74k (31% of expenses). Other salaries and wages came to $65k. At year end it held assets of $46k against liabilities of $0, net assets of $46k. It reported 6 employees.