Smithfield Recreation Association Inc

Analysis

Smithfield Recreation Association Inc is a registered charity in United States, based in Smithfield, VA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Smithfield Recreation Association Inc reported income of $199k and spending of $150k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $199k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Smithfield Recreation Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Ogden Nordic Inc ($199k), North Texas Mavericks Water Polo Club ($199k) and Noc Lacrosse Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 59% of the total. At year end it held assets of $221k against liabilities of $150k, net assets of $71k.