Karl C Smith Memorial Scholarship Fund
EIN: 721253348 · New Orleans, LA
| Metric | Value |
|---|---|
| Total Revenue | $58K |
| Total Expenses | $17K |
| Net Assets | $284K |
Is Karl C Smith Memorial Scholarship Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Karl C Smith Memorial Scholarship Fund
Karl C Smith Memorial Scholarship Fund (EIN: 721253348) is a nonprofit organization based in New Orleans, LA. The organization reported total revenue of $58K and total assets of $286K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karl C Smith Memorial Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karl C Smith Memorial Scholarship Fund is a micro nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $17K |
| Surplus / Deficit | +$2K |
| Total Assets | $284K |
| Total Liabilities | $1 |
| Net Assets | $284K |
| Operating Margin | 8.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 197.4 months |
Financial Health Grade: A
In 2024, Karl C Smith Memorial Scholarship Fund reported a surplus of $2K with revenue exceeding expenses, holds 197.4 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 (2012–2024), Karl C Smith Memorial Scholarship Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -0.1% | -11.8% | +0.8% |
| 2023 | -58.8% | -2.0% | -0.2% |
| 2022 | +113.9% | +12.1% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Karl C Smith Memorial Scholarship Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Karl C Smith Memorial Scholarship Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Karl C Smith Memorial Scholarship Fund
Is Karl C Smith Memorial Scholarship Fund a legitimate charity?
Karl C Smith Memorial Scholarship Fund (EIN: 721253348) is a registered tax-exempt nonprofit based in Louisiana. It has 10 years of IRS 990 filings on record. Total revenue: $58K. No red flags identified. Financial health grade: A.
How does Karl C Smith Memorial Scholarship Fund spend its money?
Karl C Smith Memorial Scholarship Fund reported $58K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Karl C Smith Memorial Scholarship Fund tax-deductible?
Karl C Smith Memorial Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 721253348). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Karl C Smith Memorial Scholarship Fund located?
Karl C Smith Memorial Scholarship Fund is headquartered in New Orleans, Louisiana and files with the IRS under EIN 721253348.
How many years of IRS 990 filings does Karl C Smith Memorial Scholarship Fund have?
Karl C Smith Memorial Scholarship Fund 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 $58K in total revenue.
Filing History
IRS 990 filing history for Karl C Smith Memorial Scholarship Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Karl C Smith Memorial Scholarship Fund's revenue has grown by 13.4%, moving from $17K to $19K. Total assets increased by 7.4% over the same period, from $264K to $284K. Total functional expenses rose by 99%, from $9K to $17K. In its most recent filing year (2024), Karl C Smith Memorial Scholarship Fund reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $284K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $284K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $19K | $17K | $284K | $1 | — | — |
| 2023 | $19K | $20K | $282K | $1 | — | — |
| 2022 | $46K | $20K | $282K | $1 | — | — |
| 2021 | $21K | $18K | $256K | $1 | — | View 990 |
| 2020 | $-8,065 | $19K | $253K | $1 | — | View 990 |
| 2016 | $-441 | $18K | $277K | $0 | — | View 990 |
| 2015 | $36K | $17K | $295K | $0 | — | View 990 |
| 2014 | $26K | $16K | $277K | $0 | — | View 990 |
| 2013 | $19K | $17K | $267K | $0 | — | View 990 |
| 2012 | $17K | $9K | $264K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $19K, expenses of $17K, and assets of $284K (revenue -0.1% year-over-year).
- 2023: Revenue of $19K, expenses of $20K, and assets of $282K (revenue -58.8% year-over-year).
- 2022: Revenue of $46K, expenses of $20K, and assets of $282K (revenue +113.9% year-over-year).
- 2021: Revenue of $21K, expenses of $18K, and assets of $256K.
- 2020: Revenue of $-8,065, expenses of $19K, and assets of $253K.
- 2016: Revenue of $-441, expenses of $18K, and assets of $277K (revenue -101.2% year-over-year).
- 2015: Revenue of $36K, expenses of $17K, and assets of $295K (revenue +42.3% year-over-year).
- 2014: Revenue of $26K, expenses of $16K, and assets of $277K (revenue +33.0% year-over-year).
- 2013: Revenue of $19K, expenses of $17K, and assets of $267K (revenue +15.3% year-over-year).
- 2012: Revenue of $17K, expenses of $9K, and assets of $264K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karl C Smith Memorial Scholarship Fund:
Data Sources and Methodology
This transparency report for Karl C Smith Memorial Scholarship Fund 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.