AI Transparency Report
The Smalley Foundation Inc. demonstrates a consistent pattern of spending exceeding its revenue in recent years, as evidenced by the 202312 filing where expenses were $2,834,012 against revenue of $1,406,079. This trend is also visible in 202212 ($2,808,288 expenses vs. $1,441,754 revenue) and 202112 ($2,593,947 expenses vs. $1,158,431 revenue). While the organization holds substantial assets, reported at $36,826,843 in 202312, this deficit spending could indicate reliance on investment income or asset drawdowns to cover operational costs. The absence of reported officer compensation across all available filings suggests a lean administrative structure regarding executive pay, which is a positive indicator for donor confidence. However, without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, a comprehensive assessment of spending efficiency is challenging. The foundation's asset base has grown significantly over the past decade, from $1,550,112 in 201112 to $36,826,843 in 202312, indicating strong financial growth and stability in its endowment.