George D Smith Fund Inc
George D Smith Fund consistently spends more than its annual revenue, drawing down its substantial asset base.
EIN: 136138728 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.8M |
| Total Expenses | $4.0M |
| Program Spending | 85% |
| Net Assets | $53.5M |
| Transparency Score | 80/100 |
Is George D Smith Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George D Smith Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George D Smith Fund Inc
George D Smith Fund Inc (EIN: 136138728) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $10.8M and total assets of $51.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George D Smith Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George D Smith Fund Inc is a large nonprofit that has been operating for 68 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-2,032,517 |
| Total Assets | $53.5M |
| Total Liabilities | $1 |
| Net Assets | $53.5M |
| Operating Margin | -100.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 158.6 months |
Financial Health Grade: B
In 2023, George D Smith Fund Inc reported a deficit of $2.0M with expenses exceeding revenue, holds 158.6 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), George D Smith Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.0% | -12.8% | -3.7% |
| 2022 | -61.5% | +10.1% | -3.8% |
| 2021 | +22.0% | -12.2% | +3.9% |
| 2020 | +59.3% | -15.7% | +0.8% |
| 2019 | +142.6% | -57.7% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 George D Smith Fund Inc with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, George D Smith Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for financial transparency and efficiency.
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 George D Smith Fund Inc's IRS 990 filings:
- Consistent decline in total assets over the long term, from $105M in 2011 to $53M in 2023, indicating significant endowment drawdowns.
Strengths
The following positive indicators were identified for George D Smith Fund Inc:
- Zero officer compensation reported across all filings, indicating excellent financial stewardship regarding executive pay.
- Minimal liabilities ($0 or $1) consistently reported, suggesting strong financial health and low debt.
- Substantial asset base ($53,477,262 in 2023) provides significant capacity for grantmaking and program support.
Frequently Asked Questions about George D Smith Fund Inc
Is George D Smith Fund Inc a legitimate charity?
George D Smith Fund Inc (EIN: 136138728) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $10.8M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does George D Smith Fund Inc spend its money?
George D Smith Fund Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to George D Smith Fund Inc tax-deductible?
George D Smith Fund Inc is registered as a tax-exempt nonprofit (EIN: 136138728). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of George D Smith Fund Inc's spending goes to programs?
George D Smith Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is George D Smith Fund Inc located?
George D Smith Fund Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 136138728.
How many years of IRS 990 filings does George D Smith Fund Inc have?
George D Smith Fund Inc 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 $10.8M in total revenue.
Is George D Smith Fund Inc. a good charity?
Based on the available data, the George D Smith Fund Inc. appears to be a well-managed private foundation with a strong asset base and a consistent pattern of distributing funds. The lack of officer compensation is a significant positive. However, without specific program details, it's hard to assess the direct impact of its distributions.
Why are expenses consistently higher than revenue?
The consistent trend of expenses exceeding revenue (e.g., $4,047,277 expenses vs. $2,014,760 revenue in 2023) suggests that the George D Smith Fund Inc. operates as a private foundation, distributing funds from its endowment rather than relying solely on annual contributions to cover its expenditures.
What is the trend in the organization's assets?
The organization's assets have generally been declining over the long term, from $105,188,205 in 2011 to $53,477,262 in 2023, reflecting its strategy of spending down its endowment. However, there have been periods of stabilization or slight increases, such as from $47,413,919 in 2015 to $57,685,040 in 2021, before a more recent decline.
Filing History
IRS 990 filing history for George D Smith Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), George D Smith Fund Inc's revenue has grown by 108.7%, moving from $965K to $2.0M. Total assets decreased by 49.2% over the same period, from $105.2M to $53.5M. Total functional expenses fell by 40.6%, from $6.8M to $4.0M. In its most recent filing year (2023), George D Smith Fund Inc reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $53.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $53.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $4.0M | $53.5M | $1 | — | — |
| 2022 | $2.5M | $4.6M | $55.5M | $1 | — | View 990 |
| 2021 | $6.4M | $4.2M | $57.7M | $1 | — | — |
| 2020 | $5.2M | $4.8M | $55.5M | $1 | — | View 990 |
| 2019 | $3.3M | $5.7M | $55.1M | $0 | — | View 990 |
| 2015 | $1.4M | $13.5M | $47.4M | $0 | — | View 990 |
| 2014 | $1.2M | $17.1M | $59.5M | $0 | — | View 990 |
| 2013 | $1.1M | $17.0M | $75.4M | $0 | — | View 990 |
| 2012 | $1.0M | $15.0M | $91.2M | $0 | — | View 990 |
| 2011 | $965K | $6.8M | $105.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $4.0M, and assets of $53.5M (revenue -18.0% year-over-year).
- 2022: Revenue of $2.5M, expenses of $4.6M, and assets of $55.5M (revenue -61.5% year-over-year).
- 2021: Revenue of $6.4M, expenses of $4.2M, and assets of $57.7M (revenue +22.0% year-over-year).
- 2020: Revenue of $5.2M, expenses of $4.8M, and assets of $55.5M (revenue +59.3% year-over-year).
- 2019: Revenue of $3.3M, expenses of $5.7M, and assets of $55.1M (revenue +142.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $13.5M, and assets of $47.4M (revenue +11.8% year-over-year).
- 2014: Revenue of $1.2M, expenses of $17.1M, and assets of $59.5M (revenue +8.0% year-over-year).
- 2013: Revenue of $1.1M, expenses of $17.0M, and assets of $75.4M (revenue +9.9% year-over-year).
- 2012: Revenue of $1.0M, expenses of $15.0M, and assets of $91.2M (revenue +5.8% year-over-year).
- 2011: Revenue of $965K, expenses of $6.8M, and assets of $105.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George D Smith Fund Inc:
Data Sources and Methodology
This transparency report for George D Smith Fund Inc 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.