The Joseph Smith Sr and Lucy Mack Smith Family Foundation

Analysis

The Joseph Smith Sr and Lucy Mack Smith Family Foundation is a registered charity in United States, based in N Salt Lake, UT. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Joseph Smith Sr and Lucy Mack Smith Family Foundation reported income of $53k and spending of $32k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16k to $53k (+237%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 357%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Joseph Smith Sr and Lucy Mack Smith Family Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within UT. Charities of a similar size with the same main cause include Troy Arts Council ($53k), Friends of the Orange Depot ($53k) and Camp Aldersgate Foundation ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $758k against liabilities of $0, net assets of $758k.