Sma Foundation Inc

Analysis

Sma Foundation Inc is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in September 1989, 37 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sma Foundation Inc reported income of $170k and spending of $168k, spending 99% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $104k to $170k (+64%), an average of +18% a year. The sharpest change came in the year to August 2021, when income rose by 43%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sma Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Giving Words Inc ($170k), LA Canada Spartan Booster Club ($170k) and St Thomas St John Services for the Developmentally Disabled Inc ($170k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $42k. At year end it held assets of $712k against liabilities of $1,389, net assets of $710k. It reported 2 employees.