Smithfield Selma Band Backers Inc

Analysis

Smithfield Selma Band Backers Inc is a registered charity in United States, based in Smithfield, NC. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Smithfield Selma Band Backers Inc reported income of $135k and spending of $128k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $173k to $135k (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smithfield Selma Band Backers Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Carousel at Pottstown Inc ($135k), Stuart Pimsler Dance & Theater Inc ($136k) and Desert Ensemble Theatre Company ($135k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.6% and program service revenue 74% of the total. At year end it held assets of $33k against liabilities of $112, net assets of $33k.