Smart City Works Inc

Analysis

Smart City Works Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Smart City Works Inc reported income of $528k and spending of $514k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $300k to $528k (+76%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Smart City Works Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Junior League of Collin County ($528k), Clarion Blueprint Community ($528k) and Asian Pacific Islander Small Business Program Incorporated ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $185k (36% of expenses). At year end it held assets of $158k against liabilities of $71k, net assets of $87k. It reported 1 employees.