Smeco Charitable Foundation Inc

Analysis

Smeco Charitable Foundation Inc is a registered charity in United States, based in Hughesville, MD. It received its IRS tax-exemption ruling in March 2017, 9 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 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, Smeco Charitable Foundation Inc reported income of $79k and spending of $63k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $79k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Smeco Charitable Foundation Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Institute for Project Assessment ($79k), Mary Russoniello Charitable Foundation ($79k) and Canyon Lake Rotary Foundation ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 133% of the total. At year end it held assets of $300k against liabilities of $62k, net assets of $238k.