Smile & Olive Foundation

Analysis

Smile & Olive Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 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, Smile & Olive Foundation reported income of $664k and spending of $857k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $325k to $664k (+104%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Smile & Olive Foundation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 48th percentile within DC. Charities of a similar size with the same main cause include YMCA Snohomish Qalicb ($663k), Jewish Federation of New Hampshire ($664k) and Greater Cleveland Media Development Corporation ($662k).

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 $63k against liabilities of $0, net assets of $63k.