Kent H Smith Charitable Tr 11012005
Kent H Smith Charitable Trust consistently distributes more in grants than it receives in annual revenue, drawing down its endowment.
EIN: 137486409 · Cleveland, OH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $2.8M |
| Program Spending | 90% |
| Net Assets | $4.7M |
| Transparency Score | 85/100 |
Is Kent H Smith Charitable Tr 11012005 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kent H Smith Charitable Tr 11012005 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kent H Smith Charitable Tr 11012005
Kent H Smith Charitable Tr 11012005 (EIN: 137486409) is a nonprofit organization based in Cleveland, OH, classified under NTEE code T22. The organization reported total revenue of $5.1M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kent H Smith Charitable Tr 11012005's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kent H Smith Charitable Tr 11012005 is a mid-size nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $870K |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-1,936,148 |
| Total Assets | $4.7M |
| Total Liabilities | $1 |
| Net Assets | $4.7M |
| Operating Margin | -222.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 20.2 months |
Financial Health Grade: B
In 2020, Kent H Smith Charitable Tr 11012005 reported a deficit of $1.9M with expenses exceeding revenue, holds 20.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Kent H Smith Charitable Tr 11012005's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -0.2% | +64.3% | -28.5% |
| 2019 | -46.1% | -62.9% | -59.3% |
| 2015 | -45.4% | -47.7% | -15.5% |
| 2014 | +8.7% | +58.0% | -23.2% |
| 2013 | +68.5% | +25.8% | -10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Kent H Smith Charitable Tr 11012005 with a Mission Score of 85 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, Kent H Smith Charitable Tr 11012005 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the trust. This is highly favorable for a charitable organization, suggesting that administrative oversight is likely provided on a pro bono basis by trustees or through minimal external contracting.
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 Kent H Smith Charitable Tr 11012005's IRS 990 filings:
- Declining asset base (though this is expected for a foundation distributing principal, it warrants monitoring for long-term sustainability if not replenished).
Strengths
The following positive indicators were identified for Kent H Smith Charitable Tr 11012005:
- Consistent 0% officer compensation, indicating high efficiency in leadership costs.
- Significant annual expenditures towards charitable purposes (e.g., $2,806,113 in 2020).
- Clear operational model as a grantmaking foundation, distributing from endowment.
Frequently Asked Questions about Kent H Smith Charitable Tr 11012005
Is Kent H Smith Charitable Tr 11012005 a legitimate charity?
Based on AI analysis of IRS 990 filings, Kent H Smith Charitable Tr 11012005 (EIN: 137486409) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Kent H Smith Charitable Tr 11012005 spend its money?
Kent H Smith Charitable Tr 11012005 directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kent H Smith Charitable Tr 11012005 tax-deductible?
Kent H Smith Charitable Tr 11012005 is registered as a tax-exempt nonprofit (EIN: 137486409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kent H Smith Charitable Tr 11012005 compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kent H Smith Charitable Tr 11012005 is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kent H Smith Charitable Tr 11012005 located?
Kent H Smith Charitable Tr 11012005 is headquartered in Cleveland, Ohio and files with the IRS under EIN 137486409. It is classified under NTEE code T22.
How many years of IRS 990 filings does Kent H Smith Charitable Tr 11012005 have?
Kent H Smith Charitable Tr 11012005 has 7 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 $5.1M in total revenue.
Is Kent H Smith Charitable Tr 11012005 a good charity?
Based on the available data, the Kent H Smith Charitable Tr 11012005 appears to be an effective grantmaking foundation. It consistently expends significant funds (e.g., $2,806,113 in 2020) towards its charitable purpose, with 0% officer compensation, indicating a strong commitment to its mission and efficient use of resources.
Why are expenses consistently higher than revenue?
As a private grantmaking foundation (NTEE T22), it's common for expenses (primarily grants) to exceed annual revenue. This indicates the foundation is distributing funds from its endowment or principal, rather than solely from investment income or new donations. This is a typical operational model for such entities.
What is the trend in the organization's assets?
The organization's assets have significantly decreased over the filing periods, from $29,646,010 in 2011 to $4,724,174 in 2020. This trend is consistent with a foundation actively distributing its principal over time to fulfill its charitable objectives.
Filing History
IRS 990 filing history for Kent H Smith Charitable Tr 11012005 showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Kent H Smith Charitable Tr 11012005's revenue has declined by 26.7%, moving from $1.2M to $870K. Total assets decreased by 84.1% over the same period, from $29.6M to $4.7M. Total functional expenses rose by 12.9%, from $2.5M to $2.8M. In its most recent filing year (2020), Kent H Smith Charitable Tr 11012005 reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $870K | $2.8M | $4.7M | $1 | — | — |
| 2019 | $872K | $1.7M | $6.6M | $1 | — | View 990 |
| 2015 | $1.6M | $4.6M | $16.3M | $0 | — | View 990 |
| 2014 | $3.0M | $8.8M | $19.2M | $0 | — | View 990 |
| 2013 | $2.7M | $5.6M | $25.1M | $0 | — | View 990 |
| 2012 | $1.6M | $4.4M | $27.9M | $0 | — | View 990 |
| 2011 | $1.2M | $2.5M | $29.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $870K, expenses of $2.8M, and assets of $4.7M (revenue -0.2% year-over-year).
- 2019: Revenue of $872K, expenses of $1.7M, and assets of $6.6M (revenue -46.1% year-over-year).
- 2015: Revenue of $1.6M, expenses of $4.6M, and assets of $16.3M (revenue -45.4% year-over-year).
- 2014: Revenue of $3.0M, expenses of $8.8M, and assets of $19.2M (revenue +8.7% year-over-year).
- 2013: Revenue of $2.7M, expenses of $5.6M, and assets of $25.1M (revenue +68.5% year-over-year).
- 2012: Revenue of $1.6M, expenses of $4.4M, and assets of $27.9M (revenue +36.3% year-over-year).
- 2011: Revenue of $1.2M, expenses of $2.5M, and assets of $29.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kent H Smith Charitable Tr 11012005:
Data Sources and Methodology
This transparency report for Kent H Smith Charitable Tr 11012005 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.