Smile Farms Inc

Analysis

Smile Farms Inc is a registered charity in United States, based in Jericho, NY. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover employment, 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, Smile Farms Inc reported income of $1.5m and spending of $1.1m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $683k to $1.5m (+113%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Smile Farms Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Missouri Main Street Connection Inc ($1.5m), Word of Hope Ministries Inc ($1.5m) and California American Fire Sprinkler Association Training Trust Fund ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% and program service revenue 2.9% of the total. Other salaries and wages came to $453k. At year end it held assets of $1.3m against liabilities of $193k, net assets of $1.1m. It reported 6 employees.