Malcolm E Smith Jr Foundation Inc
Malcolm E Smith Jr Foundation Inc faces significant asset depletion and consistent operational deficits.
EIN: 113344933 · North Hampton, NH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $371K |
| Total Expenses | $141K |
| Program Spending | 70% |
| Net Assets | $2.0M |
| Transparency Score | 40/100 |
Search Intent Cockpit
Malcolm E Smith Jr Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Malcolm E Smith Jr Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Malcolm E Smith Jr Foundation Inc in one place.
Form 990 Filing Summary
8 filing years are available, with latest revenue of $68K and expenses of $141K.
Revenue and Expenses
Malcolm E Smith Jr Foundation Inc reported $68K in revenue and $141K in expenses, a deficit of $73K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
40/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Malcolm E Smith Jr Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $99K (70%) |
Across stored filings, Malcolm E Smith Jr Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 8 stored filing years |
| Peer context | Compare with Hellenic Society Paideia Of New Hampshire | New Hampshire and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Malcolm E Smith Jr Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Malcolm E Smith Jr Foundation Inc
Malcolm E Smith Jr Foundation Inc (EIN: 113344933) is a nonprofit organization based in North Hampton, NH, classified under NTEE code T22. The organization reported total revenue of $371K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Malcolm E Smith Jr Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Malcolm E Smith Jr Foundation Inc is a small nonprofit that has been operating for 29 years, with 8 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $141K |
| Surplus / Deficit | $-73,278 |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | -108.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 167.8 months |
Financial Health Grade: B
In 2020, Malcolm E Smith Jr Foundation Inc reported a deficit of $73K with expenses exceeding revenue, holds 167.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2020), Malcolm E Smith Jr Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -4053.0% | -29.1% | -34.7% |
| 2018 | +9.3% | -42.3% | -12.8% |
| 2015 | -41.8% | -2.2% | -4.6% |
| 2014 | -35.1% | +13.5% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Malcolm E Smith Jr Foundation Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Malcolm E Smith Jr Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $73K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings (2011-2020), suggesting a volunteer-led organization or that compensation is categorized differently, which enhances transparency regarding direct executive 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 Malcolm E Smith Jr Foundation Inc's IRS 990 filings:
- Consistent operational deficits (e.g., 2020: Revenue $67,772 vs. Expenses $141,050)
- Significant and continuous decline in assets (from $4,361,086 in 2011 to $1,972,035 in 2020)
- Negative revenue reported in 2019 ($-1,010,777), indicating major financial setbacks.
- Expenses consistently outweighing revenue across multiple years.
Strengths
The following positive indicators were identified for Malcolm E Smith Jr Foundation Inc:
- No reported officer compensation, indicating potential volunteer leadership or efficient use of funds for executive roles.
- Relatively low liabilities across most periods (e.g., $1 in 2020).
Frequently Asked Questions about Malcolm E Smith Jr Foundation Inc
Is Malcolm E Smith Jr Foundation Inc a legitimate charity?
Malcolm E Smith Jr Foundation Inc (EIN: 113344933) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 40/100. It has 8 years of IRS 990 filings on record. Total revenue: $371K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Malcolm E Smith Jr Foundation Inc spend its money?
Malcolm E Smith Jr Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Malcolm E Smith Jr Foundation Inc tax-deductible?
Malcolm E Smith Jr Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113344933). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Malcolm E Smith Jr Foundation Inc's spending goes to programs?
Malcolm E Smith Jr Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Malcolm E Smith Jr Foundation Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Malcolm E Smith Jr Foundation Inc is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Malcolm E Smith Jr Foundation Inc located?
Malcolm E Smith Jr Foundation Inc is headquartered in North Hampton, New Hampshire and files with the IRS under EIN 113344933. It is classified under NTEE code T22.
How many years of IRS 990 filings does Malcolm E Smith Jr Foundation Inc have?
Malcolm E Smith Jr Foundation Inc has 8 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 $371K in total revenue.
How does the foundation cover its consistent operational deficits?
The foundation appears to cover its operational deficits by drawing down its assets, which have decreased from $4,361,086 in 2011 to $1,972,035 in 2020.
What caused the negative revenue of $-1,010,777 in 2019?
The provided data does not specify the exact cause, but such a significant negative revenue figure often indicates substantial investment losses or a major return of funds.
What are the specific program activities funded by the foundation?
The NTEE code T22 indicates 'Philanthropy, Voluntarism & Grantmaking Foundations', but specific program details are not available in the provided financial summary.
Is the foundation's current financial model sustainable?
No, the consistent trend of expenses exceeding revenue and the significant depletion of assets suggest the current financial model is not sustainable in the long term.
Filing History
IRS 990 filing history for Malcolm E Smith Jr Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2020), Malcolm E Smith Jr Foundation Inc's revenue has grown by 121.5%, moving from $31K to $68K. Total assets decreased by 54.8% over the same period, from $4.4M to $2.0M. Total functional expenses fell by 34.5%, from $215K to $141K. In its most recent filing year (2020), Malcolm E Smith Jr Foundation Inc reported a deficit of $73K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $68K | $141K | $2.0M | $1 | — | — |
| 2019 | $-1,010,777 | $80K | $2.0M | $2K | — | — |
| 2018 | $26K | $114K | $3.1M | $1 | — | View 990 |
| 2015 | $23K | $197K | $3.6M | $1 | — | View 990 |
| 2014 | $40K | $201K | $3.8M | $0 | — | View 990 |
| 2013 | $62K | $177K | $3.9M | $1 | — | View 990 |
| 2012 | $48K | $362K | $4.0M | $0 | — | View 990 |
| 2011 | $31K | $215K | $4.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $68K, expenses of $141K, and assets of $2.0M.
- 2019: Revenue of $-1,010,777, expenses of $80K, and assets of $2.0M (revenue -4053.0% year-over-year).
- 2018: Revenue of $26K, expenses of $114K, and assets of $3.1M (revenue +9.3% year-over-year).
- 2015: Revenue of $23K, expenses of $197K, and assets of $3.6M (revenue -41.8% year-over-year).
- 2014: Revenue of $40K, expenses of $201K, and assets of $3.8M (revenue -35.1% year-over-year).
- 2013: Revenue of $62K, expenses of $177K, and assets of $3.9M (revenue +28.3% year-over-year).
- 2012: Revenue of $48K, expenses of $362K, and assets of $4.0M (revenue +57.6% year-over-year).
- 2011: Revenue of $31K, expenses of $215K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Malcolm E Smith Jr Foundation Inc:
Data Sources and Methodology
This transparency report for Malcolm E Smith Jr Foundation 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.