Makersmiths Inc

Analysis

Makersmiths Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Makersmiths Inc reported income of $220k and spending of $198k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $228k to $220k (-3.8%), an average of -3.8% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Makersmiths Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include MVP Education Fund ($220k), Tec Leimert ($220k) and R I Hospitality Education Foundation ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. At year end it held assets of $316k against liabilities of $32k, net assets of $283k.