Smart Women Smart Money Educational Foundation

Analysis

Smart Women Smart Money Educational Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Smart Women Smart Money Educational Foundation reported income of $86k and spending of $189k, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $120k to $86k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Smart Women Smart Money Educational Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include Dash Foundation Inc ($86k), Colonial Capital Williamsburg Kiwanis Foundation ($86k) and Gresham Seniors Center ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $28k (15% of expenses). Other salaries and wages came to $82k. At year end it held assets of $90k against liabilities of $0, net assets of $90k. It reported 2 employees.