Clark R Smith Family Foundation
Clark R Smith Family Foundation: Declining Revenue, Stable Assets, and High Administrative Costs
EIN: 222757313 · Boston, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $1.6M |
| Program Spending | 60% |
| Net Assets | $16.0M |
| Transparency Score | 65/100 |
Is Clark R Smith Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clark R Smith Family Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Clark R Smith Family Foundation
Clark R Smith Family Foundation (EIN: 222757313) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $4.7M and total assets of $15.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clark R Smith Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clark R Smith Family Foundation is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 34.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $903K |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-745,310 |
| Total Assets | $16.0M |
| Total Liabilities | $1 |
| Net Assets | $16.0M |
| Operating Margin | -82.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 116.9 months |
Financial Health Grade: B
In 2023, Clark R Smith Family Foundation reported a deficit of $745K with expenses exceeding revenue, holds 116.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Clark R Smith Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 34.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.8% | -1.3% | -7.0% |
| 2022 | -65.6% | +2.7% | -1.6% |
| 2021 | +505.1% | +49.0% | +15.9% |
| 2020 | -36.3% | +2.4% | -2.7% |
| 2019 | +153.6% | +9.6% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clark R Smith Family Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Clark R Smith Family Foundation allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $745K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Clark R Smith Family Foundation's IRS 990 filings:
- Significant decline in revenue from $4,026,285 in 2021 to $902,583 in 2023, raising questions about sustainability.
- High administrative expenses relative to program spending, as indicated by the spending breakdown.
- Lack of specific details regarding program activities or impact in the provided data.
Strengths
The following positive indicators were identified for Clark R Smith Family Foundation:
- Consistent asset base of over $15 million, providing a strong financial foundation.
- No reported lobbying or political campaign activities, suggesting a focus on direct charitable mission.
- Long operational history with consistent filings, indicating organizational stability.
Frequently Asked Questions about Clark R Smith Family Foundation
Is Clark R Smith Family Foundation a legitimate charity?
Clark R Smith Family Foundation (EIN: 222757313) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Clark R Smith Family Foundation spend its money?
Clark R Smith Family Foundation directs 60% of its spending to programs and services. Fundraising costs 15%. This falls below the 65% benchmark.
Are donations to Clark R Smith Family Foundation tax-deductible?
Clark R Smith Family Foundation is registered as a tax-exempt nonprofit (EIN: 222757313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Clark R Smith Family Foundation's spending goes to programs?
Clark R Smith Family Foundation directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Clark R Smith Family Foundation located?
Clark R Smith Family Foundation is headquartered in Boston, Massachusetts and files with the IRS under EIN 222757313.
How many years of IRS 990 filings does Clark R Smith Family Foundation have?
Clark R Smith Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.7M in total revenue.
What does Clark R Smith Family Foundation do?
Clark R Smith Family Foundation is a nonprofit organization in the Unknown sector, located in Boston, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Clark R Smith Family Foundation have?
Clark R Smith Family Foundation reported total revenue of $4,706,099. Based on 10 IRS 990 filings on record.
What are Clark R Smith Family Foundation's total assets?
Clark R Smith Family Foundation holds total assets of $15,690,524 as reported in IRS 990 filings.
Where is Clark R Smith Family Foundation located?
Clark R Smith Family Foundation is based in Boston, Massachusetts.
What is Clark R Smith Family Foundation's EIN?
Clark R Smith Family Foundation's Employer Identification Number (EIN) is 222757313. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Clark R Smith Family Foundation?
Clark R Smith Family Foundation is classified under NTEE code Unknown (Unknown).
Is Clark R Smith Family Foundation a registered 501(c)(3)?
Clark R Smith Family Foundation appears in IRS records (EIN: 222757313). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Clark R Smith Family Foundation file IRS Form 990?
Yes, Clark R Smith Family Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Clark R Smith Family Foundation's revenue in 2023?
In the 202312 filing period, Clark R Smith Family Foundation reported total revenue of $902,583, total expenses of $1,647,893, and net assets of $16,047,723.
Is Clark R Smith Family Foundation's revenue growing or declining?
Clark R Smith Family Foundation's revenue is declining. Revenue went from $1,384,055 (202212) to $902,583 (202312), a -34.8% change. Based on 10 filings on record.
What is Clark R Smith Family Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Clark R Smith Family Foundation covers tax period 202312. It shows revenue of $902,583, expenses of $1,647,893, total assets of $16,047,723, and liabilities of $1.
How much does Clark R Smith Family Foundation spend on programs vs administration?
Based on IRS 990 analysis, Clark R Smith Family Foundation allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Clark R Smith Family Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Clark R Smith Family Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Clark R Smith Family Foundation?
The following concerns were identified: Significant decline in revenue from $4,026,285 in 2021 to $902,583 in 2023, raising questions about sustainability.. High administrative expenses relative to program spending, as indicated by the spending breakdown.. Lack of specific details regarding program activities or impact in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Clark R Smith Family Foundation's strengths?
Positive indicators for Clark R Smith Family Foundation include: Consistent asset base of over $15 million, providing a strong financial foundation.. No reported lobbying or political campaign activities, suggesting a focus on direct charitable mission.. Long operational history with consistent filings, indicating organizational stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Clark R Smith Family Foundation compensate executives?
Executive compensation information is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Clark R Smith Family Foundation?
- The foundation consistently reports 'l1' for lobbying and 'c0%' for political campaign activities, indicating no direct engagement in these areas. - Financial filings show a clear trend of declining revenue over the past few years, from $4,026,285 in 2021 to $902,583 in 2023. - Assets have remained relatively stable, hovering around $15-17 million, despite fluctuating revenues. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is driving the substantial year-over-year decline in revenue, and what strategies are in place to address this trend?
The data shows a drop from $4,026,285 in 2021 to $902,583 in 2023. Understanding the source of this decline (e.g., fewer donations, investment losses) is crucial for assessing future financial health.
Given the stable asset base, how does the foundation plan to leverage its assets to increase program impact amidst declining revenue?
With assets consistently above $15 million, the foundation has significant capital. The question is whether these assets are being strategically invested or utilized to offset revenue shortfalls and enhance programmatic reach.
Filing History
IRS 990 filing history for Clark R Smith Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Clark R Smith Family Foundation's revenue has grown by 3365.2%, moving from $26K to $903K. Total assets increased by 2124% over the same period, from $722K to $16.0M. Total functional expenses rose by 6676.4%, from $24K to $1.6M. In its most recent filing year (2023), Clark R Smith Family Foundation reported a deficit of $745K, with expenses exceeding revenue. The organization holds $1 in liabilities against $16.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $16.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $903K | $1.6M | $16.0M | $1 | — | — |
| 2022 | $1.4M | $1.7M | $17.3M | $1 | — | View 990 |
| 2021 | $4.0M | $1.6M | $17.5M | $1 | — | View 990 |
| 2020 | $665K | $1.1M | $15.1M | $1 | — | View 990 |
| 2019 | $1.0M | $1.1M | $15.6M | $1 | — | View 990 |
| 2015 | $412K | $972K | $15.2M | $0 | — | View 990 |
| 2014 | $612K | $643K | $15.8M | $0 | — | View 990 |
| 2013 | $14.4M | $145K | $15.8M | $0 | — | View 990 |
| 2012 | $3.0M | $40K | $3.2M | $0 | — | View 990 |
| 2011 | $26K | $24K | $722K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $903K, expenses of $1.6M, and assets of $16.0M (revenue -34.8% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.7M, and assets of $17.3M (revenue -65.6% year-over-year).
- 2021: Revenue of $4.0M, expenses of $1.6M, and assets of $17.5M (revenue +505.1% year-over-year).
- 2020: Revenue of $665K, expenses of $1.1M, and assets of $15.1M (revenue -36.3% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.1M, and assets of $15.6M (revenue +153.6% year-over-year).
- 2015: Revenue of $412K, expenses of $972K, and assets of $15.2M (revenue -32.7% year-over-year).
- 2014: Revenue of $612K, expenses of $643K, and assets of $15.8M (revenue -95.7% year-over-year).
- 2013: Revenue of $14.4M, expenses of $145K, and assets of $15.8M (revenue +374.3% year-over-year).
- 2012: Revenue of $3.0M, expenses of $40K, and assets of $3.2M (revenue +11534.3% year-over-year).
- 2011: Revenue of $26K, expenses of $24K, and assets of $722K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clark R Smith Family Foundation:
Data Sources and Methodology
This transparency report for Clark R Smith Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.