Smith Academy for Excellence Inc

Analysis

Smith Academy for Excellence Inc is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in June 2012, 14 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Smith Academy for Excellence Inc reported income of $1.6m and spending of $1.2m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $888k to $1.6m (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Smith Academy for Excellence Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Latin Center ($1.6m), Aitkin County Developmental Achievement Center Inc ($1.6m) and Gateway Technical College Foundation Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. At year end it held assets of $1.2m against liabilities of $79k, net assets of $1.2m.