Smart Start of New Hanover County

Analysis

Smart Start of New Hanover County is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Smart Start of New Hanover County reported income of $2.0m and spending of $1.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.0m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Smart Start of New Hanover County sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Danville Christian Academy Inc ($2.0m), Media Impact International ($2.0m) and Eastern New York Laborers Training Center Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $127k (6.7% of expenses). Other salaries and wages came to $807k. At year end it held assets of $599k against liabilities of $75k, net assets of $525k. It reported 29 employees.