Smyrna Foundation

Analysis

Smyrna Foundation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Smyrna Foundation reported income of $585k and spending of $593k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $585k (+177%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Smyrna Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Chelsea Senior Citizens Activities Center ($585k), Jenks Community Food Bank Inc ($585k) and The Transition Network Inc ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.