Doc Smith Legacy Foundation

Analysis

Doc Smith Legacy Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Doc Smith Legacy Foundation reported income of $217k and spending of $149k, leaving 31% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $125k to $217k (+74%), an average of +74% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Doc Smith Legacy Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Greene County Fair Association ($217k), Foundation of the Columbia-Montour Chamber of Commerce ($217k) and Alumni Association of Southern Illinois University at Edwardsvill ($217k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.