Smith Entertainment Group Foundation

Analysis

Smith Entertainment Group Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 2021, 5 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 December 2023, Smith Entertainment Group Foundation reported income of $3.6m and spending of $3.6m, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.6m to $3.6m (+118%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Smith Entertainment Group Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include Water First International ($3.6m), Philanthropy Southeast Inc ($3.6m) and Starability Foundation Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $2.0m against liabilities of $695k, net assets of $1.3m.