SMC Development Inc

Analysis

SMC Development Inc is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Development Inc reported income of $910k and spending of $2.4m, spending 261% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $178k to $910k (+411%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 9099%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, SMC Development Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OK. Charities of a similar size with the same main cause include Fund for Change Inc ($910k), Msu Beaver Boosters Inc ($912k) and Firstability Inc ($909k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 126% of the total. At year end it held assets of $47.4m against liabilities of $37.0m, net assets of $10.4m.

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.