Smart Kinston City Project Foundation

Analysis

Smart Kinston City Project Foundation is a registered charity in United States, based in Kinston, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Smart Kinston City Project Foundation reported income of $65k and spending of $66k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $65k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Smart Kinston City Project Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Hettinger County Activities Association ($65k), Polk Training Center Inc ($65k) and Florida Association of Enviromental Professionals Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $167k against liabilities of $5,348, net assets of $162k.