Smithville Workforce Training Center
EIN: 813849953 · Smithville, TX · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $870K |
| Net Assets | $65K |
Is Smithville Workforce Training Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Smithville Workforce Training Center
Smithville Workforce Training Center (EIN: 813849953) is a nonprofit organization based in Smithville, TX, classified under NTEE code B82. The organization reported total revenue of $1.2M and total assets of $257K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smithville Workforce Training Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smithville Workforce Training Center is a mid-size nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 70.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $794K |
| Total Expenses | $870K |
| Surplus / Deficit | $-75,860 |
| Total Assets | $118K |
| Total Liabilities | $53K |
| Net Assets | $65K |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 44.7% |
| Months of Reserves | 1.6 months |
Financial Health Grade: C
In 2023, Smithville Workforce Training Center reported a deficit of $76K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 44.7% (moderate leverage).
Financial Trends
Over 3 years of filings (2019–2023), Smithville Workforce Training Center's revenue has grown at a compound annual growth rate (CAGR) of 70.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +288.8% | +715.1% | +4.4% |
| 2021 | +118.6% | +161.0% | +68.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Smithville Workforce Training Center has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Smithville Workforce Training Center with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $76K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.7%.
Frequently Asked Questions about Smithville Workforce Training Center
Is Smithville Workforce Training Center a legitimate charity?
Smithville Workforce Training Center (EIN: 813849953) is a registered tax-exempt nonprofit based in Texas. It has 3 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: C.
How does Smithville Workforce Training Center spend its money?
Smithville Workforce Training Center reported $1.2M in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Smithville Workforce Training Center tax-deductible?
Smithville Workforce Training Center is registered as a tax-exempt nonprofit (EIN: 813849953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Smithville Workforce Training Center located?
Smithville Workforce Training Center is headquartered in Smithville, Texas and files with the IRS under EIN 813849953. It is classified under NTEE code B82.
How many years of IRS 990 filings does Smithville Workforce Training Center have?
Smithville Workforce Training Center has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for Smithville Workforce Training Center showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2019–2023), Smithville Workforce Training Center's revenue has grown by 749.9%, moving from $93K to $794K. Total assets increased by 75.6% over the same period, from $67K to $118K. Total functional expenses rose by 2027.5%, from $41K to $870K. In its most recent filing year (2023), Smithville Workforce Training Center reported a deficit of $76K, with expenses exceeding revenue. The organization holds $53K in liabilities against $118K in assets (debt-to-asset ratio: 44.7%), resulting in net assets of $65K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $794K | $870K | $118K | $53K | — | — |
| 2021 | $204K | $107K | $113K | $0 | — | — |
| 2019 | $93K | $41K | $67K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $794K, expenses of $870K, and assets of $118K (revenue +288.8% year-over-year).
- 2021: Revenue of $204K, expenses of $107K, and assets of $113K (revenue +118.6% year-over-year).
- 2019: Revenue of $93K, expenses of $41K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smithville Workforce Training Center:
Data Sources and Methodology
This transparency report for Smithville Workforce Training Center 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.