Smyal Inc

Analysis

Smyal Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Smyal Inc reported income of $5.3m and spending of $4.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $5.3m (+168%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Smyal Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 81st percentile within DC. Charities of a similar size with the same main cause include Aitkin Health Services ($5.3m), Care Plus Workforce Solutions Inc ($5.3m) and Benefit Fund of the McKenzie County Healthcare Systems ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $202k (4.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.1m against liabilities of $662k, net assets of $2.4m. It reported 55 employees.