Sma Healthcare Foundation Inc

Analysis

Sma Healthcare Foundation Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in March 1998, 28 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 June 2023, Sma Healthcare Foundation Inc reported income of $1.7m and spending of $725k, leaving 57% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $376k to $1.7m (+350%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 120%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sma Healthcare Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Pullman Regional Hospital Foundation ($1.7m), Alaska Village Initiatives ($1.7m) and Endaoment ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 15% of the total. At year end it held assets of $7.7m against liabilities of $378k, net assets of $7.3m.