Sme East Fund Inc

Analysis

Sme East Fund Inc is a registered charity in United States, based in Prairie VLG, KS. It received its IRS tax-exemption ruling in November 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sme East Fund Inc reported income of $65k and spending of $91k, spending 140% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $336k to $65k (-81%), an average of -56% a year. The sharpest change came in the year to June 2022, when income dropped by 83%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sme East Fund Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within KS. Charities of a similar size with the same main cause include Annette Funicello Research Fund for Neurological Diseases ($65k), Lorain County Medical Society Foundation Inc ($65k) and Iglesia Cristiana Casa Del Alfareroinc ($65k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $180k against liabilities of $2,500, net assets of $178k.