Smart North

Analysis

Smart North is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 December 2023, Smart North reported income of $400k and spending of $513k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $466k to $400k (-14%), an average of -14% a year. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smart North sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include LCHS Choral Parents Association ($400k), Hymn Society in the United States and Canada Inc ($400k) and Lowell Art Association ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (14% of expenses). Other salaries and wages came to $197k. It paid $6,300 in professional fundraising fees. At year end it held assets of $201k against liabilities of $22k, net assets of $178k.