Sme Preservation Fund

Analysis

Sme Preservation Fund is a registered charity in United States, based in Signal MTN, TN. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sme Preservation Fund reported income of $197k and spending of $188k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $232k to $197k (-15%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sme Preservation Fund sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Lexington Womans Club Inc ($197k), Taste for the Homeless ($197k) and Border Partners ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $32k (17% of expenses). At year end it held assets of $25k against liabilities of $0, net assets of $25k.