Smith Agency

Analysis

Smith Agency is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Smith Agency reported income of $22.6m and spending of $17.8m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.2m to $22.6m (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Smith Agency sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Mercy Housing Management Group Inc ($22.6m), Methodist Home for Children Inc ($22.6m) and South Central Community Action Program Inc ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $184k (1.0% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $33.5m against liabilities of $663k, net assets of $32.9m. It reported 250 employees.