Is Edward Craig Smith Scholarship Foundation Inc Legit?

Quick charity verification for Edward Craig Smith Scholarship Foundation Inc (EIN: 200926682)

Verdict: Edward Craig Smith Scholarship Foundation Inc shows mixed signals

45/100Mission Score
$3KRevenue
$194KAssets
3Red Flags
2Strengths

Red Flags

Strengths

Spending Breakdown

How Edward Craig Smith Scholarship Foundation Inc allocates its funds across programs, administration, and fundraising.

70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Edward Craig Smith Scholarship Foundation Inc

Is Edward Craig Smith Scholarship Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Edward Craig Smith Scholarship Foundation Inc (EIN: 200926682) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.

Is Edward Craig Smith Scholarship Foundation Inc a good charity to donate to?

Edward Craig Smith Scholarship Foundation Inc has a Mission Score of 45/100. Revenue: $3K. Assets: $194K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Edward Craig Smith Scholarship Foundation Inc?

The Employer Identification Number (EIN) for Edward Craig Smith Scholarship Foundation Inc is 200926682. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Edward Craig Smith Scholarship Foundation Inc spend its money?

Edward Craig Smith Scholarship Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Edward Craig Smith Scholarship Foundation Inc's tax-exempt status?

You can verify Edward Craig Smith Scholarship Foundation Inc's tax-exempt status using EIN 200926682 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Edward Craig Smith Scholarship Foundation Inc. exhibits a concerning financial trend with declining assets and inconsistent revenue generation over the past decade. While the organization consistently reports 0% officer compensation, indicating good transparency regarding executive pay, its financial health appears to be deteriorating. For example, in 2023, the foundation reported negative revenue of $-12,343 and expenses of $10,940, leading to a significant net loss. This trend is not isolated, as negative revenue was also reported in 2019 ($-6,695). The organization's assets have decreased substantially from a high of $406,652 in 2011 to $196,767 in 2023, suggesting an unsustainable operational model or significant investment losses. The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, given the consistent net losses in recent years (e.g., $12,343 negative revenue vs $10,940 expenses in 2023, and $16,444 revenue vs $19,932 expenses in 2022), the organization appears to be spending more than it generates. The consistent reporting of $1 in liabilities across all filings suggests minimal debt, which is a positive, but the overall financial trajectory raises questions about its long-term viability and ability to fulfill its mission effectively. The lack of detailed expense categories in the provided data limits a deeper analysis of spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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