Smoke & Barrel Inc

Analysis

Smoke & Barrel Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Smoke & Barrel Inc reported income of $270k and spending of $281k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $228k to $270k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smoke & Barrel Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within LA. Charities of a similar size with the same main cause include Theater Arts Group ($270k), Society of Colonial Wars in the State of Ga ($270k) and Ogdensburg Command Performances Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $22k (8.0% of expenses). Other salaries and wages came to $38k. At year end it held assets of $80k against liabilities of $4,091, net assets of $76k. It reported 3 employees.