Smith Thomas Inc

Analysis

Smith Thomas Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Smith Thomas Inc reported income of $390k and spending of $364k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $390k (+11%), an average of +2.6% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Smith Thomas Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include North Alabama Coalition for the Homeless ($390k), Luther Towers IV of Dover Inc ($390k) and Grandview Retirement Home Inc ($390k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $60k. At year end it held assets of $1.6m against liabilities of $424k, net assets of $1.2m.