Smart-Yap Worldwide Corporation

Analysis

Smart-Yap Worldwide Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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-Yap Worldwide Corporation reported income of $50k and spending of $50k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $40k to $50k (+25%), an average of +12% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smart-Yap Worldwide Corporation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Music Appreciation Society ($50k), Deseret Arts Foundation ($50k) and Shine Foundation Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2,000 against liabilities of $0, net assets of $2,000.