Forker Smith Foundation
Forker Smith Foundation shows strong asset growth and no executive compensation amidst volatile revenue.
EIN: 203338666 · Milwaukee, WI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $558K |
| Total Expenses | $76K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1,193,041 |
| Net Assets | $1.1M |
| Transparency Score | 92/100 |
Is Forker Smith Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forker Smith Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forker Smith Foundation
Forker Smith Foundation (EIN: 203338666) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T20. The organization reported total revenue of $558K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forker Smith Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forker Smith Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $76K |
| Surplus / Deficit | +$102K |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | 57.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 177.6 months |
Financial Health Grade: A
In 2023, Forker Smith Foundation reported a surplus of $102K with revenue exceeding expenses, holds 177.6 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), Forker Smith Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +350.0% | -44.1% | +9.9% |
| 2022 | -94.6% | +94.2% | -8.7% |
| 2021 | +645.9% | +135.6% | +67.8% |
| 2020 | +248.8% | -57.1% | +11.3% |
| 2019 | -60.9% | +24.8% | -7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Forker Smith Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Forker Smith Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $102K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization operates without paid officers, which is highly unusual for an organization of its asset size ($1,193,041). This suggests a volunteer-led or very lean operational structure.
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 Forker Smith Foundation's IRS 990 filings:
- Highly volatile revenue stream, making long-term planning challenging.
Strengths
The following positive indicators were identified for Forker Smith Foundation:
- Consistent asset growth over the past decade, from $619,760 to $1,193,041.
- 0% officer compensation reported across all filings, indicating extremely low administrative overhead.
- Strong balance sheet with consistently low or zero liabilities.
- High program efficiency due to minimal administrative and fundraising costs.
- Consistent and transparent IRS 990 filing history.
Frequently Asked Questions about Forker Smith Foundation
Is Forker Smith Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Forker Smith Foundation (EIN: 203338666) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Forker Smith Foundation spend its money?
Forker Smith Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Forker Smith Foundation tax-deductible?
Forker Smith Foundation is registered as a tax-exempt nonprofit (EIN: 203338666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Forker Smith Foundation CEO make?
Forker Smith Foundation's highest-compensated officer earns $1,193,041 annually. The organization reported $558K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Forker Smith Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Forker Smith Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Forker Smith Foundation located?
Forker Smith Foundation is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 203338666. It is classified under NTEE code T20.
How many years of IRS 990 filings does Forker Smith Foundation have?
Forker Smith 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 $558K in total revenue.
Is Forker Smith Foundation a good charity?
Based on the available data, Forker Smith Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, extremely low administrative overhead (0% officer compensation), and a consistent history of IRS filings. The primary concern is revenue volatility, but overall efficiency and program focus are high.
How does Forker Smith Foundation manage its administrative costs?
The foundation manages its administrative costs exceptionally well, reporting 0% officer compensation in all available filings. This indicates that executive functions are likely performed by volunteers or through other highly cost-effective means, leading to very low overhead.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $619,760 in 2011 to $1,193,041 currently. This indicates effective asset management and accumulation over time.
How stable is the foundation's funding?
The foundation's funding appears to be highly unstable, with revenue fluctuating significantly from a low of $28,196 in 2019 to a high of $733,509 in 2021. This suggests a reliance on large, infrequent contributions rather than a consistent, diversified funding base.
Filing History
IRS 990 filing history for Forker Smith Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Forker Smith Foundation's revenue has grown by 254.4%, moving from $50K to $178K. Total assets increased by 81.9% over the same period, from $620K to $1.1M. Total functional expenses rose by 80.9%, from $42K to $76K. In its most recent filing year (2023), Forker Smith Foundation reported a surplus of $102K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $178K | $76K | $1.1M | $1 | — | — |
| 2022 | $40K | $136K | $1.0M | $1 | — | View 990 |
| 2021 | $734K | $70K | $1.1M | $1 | — | View 990 |
| 2020 | $98K | $30K | $669K | $1 | — | — |
| 2019 | $28K | $69K | $601K | $0 | — | View 990 |
| 2015 | $72K | $56K | $652K | $0 | — | View 990 |
| 2014 | $42K | $23K | $636K | $0 | — | View 990 |
| 2013 | $35K | $14K | $618K | $0 | — | View 990 |
| 2012 | $42K | $65K | $597K | $0 | — | View 990 |
| 2011 | $50K | $42K | $620K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $178K, expenses of $76K, and assets of $1.1M (revenue +350.0% year-over-year).
- 2022: Revenue of $40K, expenses of $136K, and assets of $1.0M (revenue -94.6% year-over-year).
- 2021: Revenue of $734K, expenses of $70K, and assets of $1.1M (revenue +645.9% year-over-year).
- 2020: Revenue of $98K, expenses of $30K, and assets of $669K (revenue +248.8% year-over-year).
- 2019: Revenue of $28K, expenses of $69K, and assets of $601K (revenue -60.9% year-over-year).
- 2015: Revenue of $72K, expenses of $56K, and assets of $652K (revenue +73.3% year-over-year).
- 2014: Revenue of $42K, expenses of $23K, and assets of $636K (revenue +18.2% year-over-year).
- 2013: Revenue of $35K, expenses of $14K, and assets of $618K (revenue -16.6% year-over-year).
- 2012: Revenue of $42K, expenses of $65K, and assets of $597K (revenue -16.2% year-over-year).
- 2011: Revenue of $50K, expenses of $42K, and assets of $620K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forker Smith Foundation:
Data Sources and Methodology
This transparency report for Forker Smith 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.