McCormick Smith Fund Inc

Analysis

McCormick Smith Fund Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, McCormick Smith Fund Inc reported income of $92k and spending of $99k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $100k to $92k (-8.4%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, McCormick Smith Fund Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Agribusiness Association of Iowa Foundation ($92k), Crockett Christmas Store ($92k) and Farms Country Club Foundation Inc ($92k).

At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.