Smithfield Rescue Mission

Analysis

Smithfield Rescue Mission is a registered charity in United States, based in Smithfield, NC. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Smithfield Rescue Mission reported income of $274k and spending of $300k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $242k to $274k (+13%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 198%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Smithfield Rescue Mission sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Lakewood Study Square Inc ($274k), Bais Chesed LA ($274k) and Community Food Pantry ($274k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $173k. At year end it held assets of $108k against liabilities of $0, net assets of $108k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.