Smalley Foundation Inc
Smalley Foundation consistently spends more than its annual revenue, relying on substantial assets.
EIN: 136225947 · Manhasset, NY · Updated: 2026-03-28
Is Smalley Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Smalley Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Smalley Foundation Inc
Smalley Foundation Inc (EIN: 136225947) is a nonprofit organization based in Manhasset, NY. The organization reported total revenue of $6.3M and total assets of $39.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smalley Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smalley Foundation Inc is a mid-size nonprofit that has been operating for 57 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-1,427,933 |
| Total Assets | $36.8M |
| Total Liabilities | $233K |
| Net Assets | $36.6M |
| Operating Margin | -101.6% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 155.9 months |
Financial Health Grade: B
In 2023, Smalley Foundation Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 155.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Smalley Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.5% | +0.9% | +10.0% |
| 2022 | +24.5% | +8.3% | -20.5% |
| 2021 | -35.3% | +18.4% | +12.8% |
| 2020 | -19.0% | +9.1% | +11.2% |
| 2019 | +984.6% | +658.5% | +887.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
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 Smalley Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Smalley Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The Smalley Foundation Inc. reports 0% officer compensation across all available filings, indicating that its executives or officers are not drawing salaries from the organization, which is highly favorable for donor perception and resource allocation.
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 Smalley Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $2,834,012 expenses vs. $1,406,079 revenue in 202312.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Smalley Foundation Inc:
- Substantial and growing asset base, reaching $36,826,843 in 202312, indicating strong financial reserves.
- 0% reported officer compensation across all filings, suggesting efficient use of funds for executive pay.
- Long history of IRS 990 filings (10 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Smalley Foundation Inc
Is Smalley Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Smalley Foundation Inc (EIN: 136225947) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Smalley Foundation Inc spend its money?
Smalley Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Smalley Foundation Inc tax-deductible?
Smalley Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136225947). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Smalley Foundation Inc. financially sustainable given its consistent deficit spending?
While the Smalley Foundation Inc. has consistently spent more than its annual revenue in recent years (e.g., $2,834,012 expenses vs. $1,406,079 revenue in 202312), its substantial asset base of $36,826,843 in 202312 suggests it can sustain operations by drawing from its endowment or investment income. Long-term sustainability depends on the growth and management of these assets.
What is the primary source of funding for Smalley Foundation Inc. if revenue is consistently lower than expenses?
Given the consistent deficit spending, it is highly probable that the Smalley Foundation Inc. primarily relies on investment returns from its significant asset base ($36,826,843 in 202312) to cover its operational expenses, rather than solely on annual contributions or grants.
How has the Smalley Foundation Inc.'s asset base grown so significantly over the past decade?
The Smalley Foundation Inc.'s assets have grown from $1,550,112 in 201112 to $36,826,843 in 202312. This substantial growth likely stems from significant donations, successful investment strategies, or a combination of both, indicating effective asset management.
Filing History
IRS 990 filing history for Smalley Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Smalley Foundation Inc's revenue has grown by 2010.2%, moving from $67K to $1.4M. Total assets increased by 2275.8% over the same period, from $1.6M to $36.8M. Total functional expenses rose by 1509.7%, from $176K to $2.8M. In its most recent filing year (2023), Smalley Foundation Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $233K in liabilities against $36.8M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $36.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $2.8M | $36.8M | $233K | — | — |
| 2022 | $1.4M | $2.8M | $33.5M | $166K | — | View 990 |
| 2021 | $1.2M | $2.6M | $42.1M | $267K | — | View 990 |
| 2020 | $1.8M | $2.2M | $37.3M | $181K | — | — |
| 2019 | $2.2M | $2.0M | $33.6M | $132K | — | View 990 |
| 2015 | $204K | $265K | $3.4M | $14K | — | View 990 |
| 2014 | $1.9M | $236K | $3.7M | $29K | — | View 990 |
| 2013 | $118K | $212K | $2.7M | $10K | — | View 990 |
| 2012 | $1.2M | $179K | $2.6M | $10K | — | View 990 |
| 2011 | $67K | $176K | $1.6M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $2.8M, and assets of $36.8M (revenue -2.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $2.8M, and assets of $33.5M (revenue +24.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $2.6M, and assets of $42.1M (revenue -35.3% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.2M, and assets of $37.3M (revenue -19.0% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.0M, and assets of $33.6M (revenue +984.6% year-over-year).
- 2015: Revenue of $204K, expenses of $265K, and assets of $3.4M (revenue -89.4% year-over-year).
- 2014: Revenue of $1.9M, expenses of $236K, and assets of $3.7M (revenue +1537.7% year-over-year).
- 2013: Revenue of $118K, expenses of $212K, and assets of $2.7M (revenue -89.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $179K, and assets of $2.6M (revenue +1650.3% year-over-year).
- 2011: Revenue of $67K, expenses of $176K, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Smalley 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.