Smith Island United Inc

Analysis

Smith Island United Inc is a registered charity in United States, based in Ewell, MD. It received its IRS tax-exemption ruling in August 2015, 11 years ago. 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, Smith Island United Inc reported income of $273k and spending of $186k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $160k to $273k (+71%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Smith Island United Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Geary County Historical Society Inc ($273k), PTA California Congress of Parents Teachers & Students Inc ($273k) and American Planning Association ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.