Smarter Tomorrow Foundation Inc

Analysis

Smarter Tomorrow Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Smarter Tomorrow Foundation Inc reported income of $2.8m and spending of $3.0m, spending 108% of what it took in. The sharpest change came in the year to December 2023, when income rose by 11218%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Smarter Tomorrow Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Hawaii Meals on Wheels Inc ($2.8m), Minnesota Jewish Community Center Foundation ($2.8m) and Michigan Coalition Against Homelessness ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $349k against liabilities of $604k, net assets of -$254k. It reported 89 employees.