Smd Foundation
Smd Foundation shows inconsistent revenue and expenses, often operating at a deficit in recent years, while maintaining a stable asset base.
EIN: 204880546 · Lake Charles, LA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $169K |
| Total Expenses | $37K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $335K |
| Transparency Score | 65/100 |
Is Smd Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Smd Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Smd Foundation
Smd Foundation (EIN: 204880546) is a nonprofit organization based in Lake Charles, LA, classified under NTEE code T22. The organization reported total revenue of $169K and total assets of $360K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smd Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smd Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 116.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $37K |
| Surplus / Deficit | $-5,217 |
| Total Assets | $341K |
| Total Liabilities | $6K |
| Net Assets | $335K |
| Operating Margin | -16.3% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 109.9 months |
Financial Health Grade: B
In 2023, Smd Foundation reported a deficit of $5K with expenses exceeding revenue, holds 109.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Smd Foundation's revenue has grown at a compound annual growth rate (CAGR) of 116.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.7% | -42.5% | +0.1% |
| 2022 | -68.3% | +713.7% | -11.4% |
| 2021 | +216.4% | -71.7% | +12.7% |
| 2020 | +29.3% | -0.7% | +1.1% |
| 2019 | -96.1% | +7448.0% | -17.8% |
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 Smd Foundation with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, Smd Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which is notable for an organization with assets exceeding $300,000.
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 Smd Foundation's IRS 990 filings:
- Inconsistent revenue generation, with significant fluctuations year-to-year.
- Frequent periods where expenses exceed revenue (e.g., 2023, 2022, 2020, 2019), indicating reliance on past surpluses or asset drawdowns.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a precise assessment of spending efficiency.
Strengths
The following positive indicators were identified for Smd Foundation:
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
- Maintenance of a stable asset base (around $340,000-$380,000 in recent years) despite revenue volatility.
- No reported officer compensation, suggesting a potentially volunteer-driven leadership structure.
Frequently Asked Questions about Smd Foundation
Is Smd Foundation a legitimate charity?
Smd Foundation (EIN: 204880546) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $169K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Smd Foundation spend its money?
Smd Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Smd Foundation tax-deductible?
Smd Foundation is registered as a tax-exempt nonprofit (EIN: 204880546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Smd Foundation CEO make?
Smd Foundation's highest-compensated officer earns $300,000. annually. The organization reported $169K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Smd Foundation's spending goes to programs?
Smd Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Smd Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Smd Foundation 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 Smd Foundation located?
Smd Foundation is headquartered in Lake Charles, Louisiana and files with the IRS under EIN 204880546. It is classified under NTEE code T22.
How many years of IRS 990 filings does Smd Foundation have?
Smd Foundation 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 $169K in total revenue.
What are the specific program activities Smd Foundation engages in?
The provided data does not detail specific program activities, only financial summaries. A review of the full 990 forms would be necessary to understand their programmatic focus.
How does Smd Foundation cover its expenses when revenue is consistently lower, as seen in 2023 and 2022?
The organization likely covers these deficits by drawing down on its accumulated assets, which have remained relatively stable despite periods of negative net income. For example, assets decreased from $384,204 in 2021 to $340,323 in 2022 and $340,757 in 2023.
What caused the significant revenue spike in 2015 ($406,690) compared to other years?
The provided data does not specify the source of this large revenue spike. It could be due to a major one-time donation, a specific grant, or an unusual fundraising event. Further investigation into the 2015 990 filing would be required.
Filing History
IRS 990 filing history for Smd Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Smd Foundation's revenue has grown by 1066666.7%, moving from $3 to $32K. Total assets increased by 7950% over the same period, from $4K to $341K. Total functional expenses rose by 2394.6%, from $1K to $37K. In its most recent filing year (2023), Smd Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $6K in liabilities against $341K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $335K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $37K | $341K | $6K | — | — |
| 2022 | $21K | $65K | $340K | $1 | — | View 990 |
| 2021 | $66K | $8K | $384K | $1 | — | — |
| 2020 | $21K | $28K | $341K | $14K | — | — |
| 2019 | $16K | $28K | $337K | $3K | — | View 990 |
| 2015 | $407K | $375 | $410K | $1 | — | View 990 |
| 2014 | $2 | $0 | $4K | $1 | — | View 990 |
| 2013 | $2 | $0 | $4K | $1 | — | View 990 |
| 2012 | $1 | $55 | $4K | $1 | — | View 990 |
| 2011 | $3 | $1K | $4K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $37K, and assets of $341K (revenue +53.7% year-over-year).
- 2022: Revenue of $21K, expenses of $65K, and assets of $340K (revenue -68.3% year-over-year).
- 2021: Revenue of $66K, expenses of $8K, and assets of $384K (revenue +216.4% year-over-year).
- 2020: Revenue of $21K, expenses of $28K, and assets of $341K (revenue +29.3% year-over-year).
- 2019: Revenue of $16K, expenses of $28K, and assets of $337K (revenue -96.1% year-over-year).
- 2015: Revenue of $407K, expenses of $375, and assets of $410K (revenue +20334400.0% year-over-year).
- 2014: Revenue of $2, expenses of $0, and assets of $4K (revenue +0.0% year-over-year).
- 2013: Revenue of $2, expenses of $0, and assets of $4K (revenue +100.0% year-over-year).
- 2012: Revenue of $1, expenses of $55, and assets of $4K (revenue -66.7% year-over-year).
- 2011: Revenue of $3, expenses of $1K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smd Foundation:
Data Sources and Methodology
This transparency report for Smd Foundation 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.