SMC Equipment Inc

Analysis

SMC Equipment Inc is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, SMC Equipment Inc reported income of $851k and spending of $3.2m, spending 373% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $600k to $851k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 350% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, SMC Equipment Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within OK. Charities of a similar size with the same main cause include United Tenants of Albany Inc ($851k), Villa Maria of Corpus Christi Inc ($851k) and Alexis Manor Inc ($851k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $24.3m against liabilities of $31.6m, net assets of -$7.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.