Smithfield Va Events

Analysis

Smithfield Va Events is a registered charity in United States, based in Smithfield, VA. It received its IRS tax-exemption ruling in April 2017, 9 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 June 2024, Smithfield Va Events reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $747k to $1.1m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 285%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Smithfield Va Events 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 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Fulton Montgomery and Schoharie Counties Private Industry Council ($1.1m), Masonic Education and Charity Trust ($1.1m) and Center for Success Network ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $285k against liabilities of $0, net assets of $285k.