Smartmeme Inc
Smartmeme Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 201897585 · Oakland, CA · NTEE: B990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| Net Assets | $2.8M |
| Transparency Score | 90/100 |
Is Smartmeme Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Smartmeme Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Smartmeme Inc
Smartmeme Inc (EIN: 201897585) is a nonprofit organization based in Oakland, CA, classified under NTEE code B990. The organization reported total revenue of $4.2M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smartmeme Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smartmeme Inc is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$80K |
| Total Assets | $3.1M |
| Total Liabilities | $302K |
| Net Assets | $2.8M |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 9.7% |
| Months of Reserves | 23.4 months |
Financial Health Grade: A
In 2023, Smartmeme Inc reported a surplus of $80K with revenue exceeding expenses, holds 23.4 months of operating reserves (strong position), has a debt-to-asset ratio of 9.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Smartmeme Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.7% | +16.8% | +5.3% |
| 2022 | -0.6% | +5.6% | +10.4% |
| 2021 | +7.5% | +4.5% | +45.6% |
| 2020 | +64.4% | +3.7% | +87.4% |
| 2019 | +2.3% | +12.0% | -0.4% |
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 Smartmeme Inc with a Mission Score of 90 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, Smartmeme 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 surplus of $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.7%.
Executive Compensation Analysis
Smartmeme Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and growth. This suggests either a fully volunteer executive leadership or that compensation is structured in a way that is not reported under 'officer compensation' on the 990, warranting further inquiry.
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 Smartmeme Inc's IRS 990 filings:
- Consistent 0% officer compensation is highly unusual and may obscure actual executive remuneration practices.
Strengths
The following positive indicators were identified for Smartmeme Inc:
- Consistent revenue growth over a decade, from $504,340 in 2014 to $1,678,377 in 2023.
- Healthy asset accumulation, growing from $418,601 in 2014 to $3,119,879 in 2023.
- Consistent operating surpluses, with revenues generally exceeding expenses, indicating sound financial management.
- Low liabilities relative to assets, suggesting financial stability (e.g., 2023 liabilities of $301,847 against assets of $3,119,879).
Frequently Asked Questions about Smartmeme Inc
Is Smartmeme Inc a legitimate charity?
Smartmeme Inc (EIN: 201897585) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $4.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Smartmeme Inc spend its money?
Smartmeme Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Smartmeme Inc tax-deductible?
Smartmeme Inc is registered as a tax-exempt nonprofit (EIN: 201897585). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Smartmeme Inc's spending goes to programs?
Smartmeme Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Smartmeme Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Smartmeme Inc is above average for NTEE category B990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Smartmeme Inc located?
Smartmeme Inc is headquartered in Oakland, California and files with the IRS under EIN 201897585. It is classified under NTEE code B990.
How many years of IRS 990 filings does Smartmeme Inc have?
Smartmeme Inc has 12 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 $4.2M in total revenue.
How does Smartmeme Inc manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues exceeding $1 million annually. This could indicate a fully volunteer executive team, or that executive compensation is categorized differently on the 990, such as under program or administrative expenses for non-officer roles, which would require deeper analysis of their detailed expense breakdown.
What is the organization's specific program spending ratio?
While specific program spending ratios are not provided in the raw data, the consistent operating surpluses and asset growth suggest a significant portion of expenses are directed towards programs. The lack of reported officer compensation further implies a higher potential for program efficiency, though a detailed breakdown of expenses would be needed for a precise ratio.
What is the nature of the 'Latest Revenue' of $4,218,156 compared to the 2023 period revenue of $1,678,377?
The 'Latest Revenue' figure of $4,218,156 is significantly higher than the 2023 period revenue of $1,678,377. This discrepancy suggests that the 'Latest Revenue' might refer to a more recent, unaudited period or a different reporting metric (e.g., total contributions vs. total revenue), or it could indicate a substantial increase in funding post-2023 fiscal year end. Clarification would be needed to understand this difference.
Filing History
IRS 990 filing history for Smartmeme Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Smartmeme Inc's revenue has grown by 198.4%, moving from $563K to $1.7M. Total assets increased by 1015.4% over the same period, from $280K to $3.1M. Total functional expenses rose by 273.1%, from $428K to $1.6M. In its most recent filing year (2023), Smartmeme Inc reported a surplus of $80K, with revenue exceeding expenses. The organization holds $302K in liabilities against $3.1M in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.6M | $3.1M | $302K | — | — |
| 2022 | $2.0M | $1.4M | $3.0M | $224K | — | View 990 |
| 2021 | $2.0M | $1.3M | $2.7M | $545K | — | View 990 |
| 2020 | $1.8M | $1.2M | $1.8M | $390K | — | View 990 |
| 2019 | $1.1M | $1.2M | $984K | $135K | — | View 990 |
| 2018 | $1.1M | $1.1M | $987K | $65K | — | View 990 |
| 2017 | $1.0M | $723K | $955K | $61K | — | View 990 |
| 2016 | $847K | $717K | $662K | $63K | — | View 990 |
| 2015 | $725K | $631K | $556K | $87K | — | View 990 |
| 2014 | $504K | $452K | $419K | $44K | — | View 990 |
| 2013 | $595K | $498K | $379K | $57K | — | View 990 |
| 2012 | $563K | $428K | $280K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.6M, and assets of $3.1M (revenue -14.7% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.4M, and assets of $3.0M (revenue -0.6% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.3M, and assets of $2.7M (revenue +7.5% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.2M, and assets of $1.8M (revenue +64.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $984K (revenue +2.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $987K (revenue +7.6% year-over-year).
- 2017: Revenue of $1.0M, expenses of $723K, and assets of $955K (revenue +20.2% year-over-year).
- 2016: Revenue of $847K, expenses of $717K, and assets of $662K (revenue +16.7% year-over-year).
- 2015: Revenue of $725K, expenses of $631K, and assets of $556K (revenue +43.8% year-over-year).
- 2014: Revenue of $504K, expenses of $452K, and assets of $419K (revenue -15.2% year-over-year).
- 2013: Revenue of $595K, expenses of $498K, and assets of $379K (revenue +5.8% year-over-year).
- 2012: Revenue of $563K, expenses of $428K, and assets of $280K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smartmeme Inc:
Data Sources and Methodology
This transparency report for Smartmeme 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.