Strategic Market Initiative
Strategic Market Initiative reports recent deficits despite consistent revenue and no officer compensation.
EIN: 10817065 · Kingston, MA · NTEE: S41 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.3 |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Strategic Market Initiative Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Strategic Market Initiative directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Strategic Market Initiative
Strategic Market Initiative (EIN: 10817065) is a nonprofit organization based in Kingston, MA, classified under NTEE code S41. The organization reported total revenue of $3.1M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Strategic Market Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Strategic Market Initiative is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-112,328 |
| Total Assets | $1.9M |
| Total Liabilities | $678K |
| Net Assets | $1.2M |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 36.2% |
| Months of Reserves | 12.5 months |
Financial Health Grade: B
In 2023, Strategic Market Initiative reported a deficit of $112K with expenses exceeding revenue, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 36.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Strategic Market Initiative's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.7% | -3.0% | +5.7% |
| 2022 | -3.2% | +77.9% | -23.2% |
| 2021 | +6.7% | -15.9% | +35.3% |
| 2020 | -12.2% | -21.4% | +6.8% |
| 2019 | -4.4% | -2.6% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Strategic Market Initiative 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Strategic Market Initiative 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 deficit of $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.2%.
Executive Compensation Analysis
Strategic Market Initiative consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that its executive leadership does not receive a salary from the organization, which is highly unusual for an organization of its size with annual revenues exceeding $1.3 million.
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 Strategic Market Initiative's IRS 990 filings:
- Consistent operating deficits in the two most recent fiscal periods (2022 and 2023), totaling over $600,000.
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure how leadership is truly compensated or raise questions about sustainability of leadership.
Strengths
The following positive indicators were identified for Strategic Market Initiative:
- Consistent revenue generation over a decade, generally above $1.3 million annually.
- Demonstrated asset growth over the long term, from $1.29 million in 2014 to $1.87 million in 2023.
- High transparency with 13 consistent IRS 990 filings available.
- No reported officer compensation, suggesting a potentially high proportion of funds directed towards mission if other compensation is not present.
Frequently Asked Questions about Strategic Market Initiative
Is Strategic Market Initiative a legitimate charity?
Based on AI analysis of IRS 990 filings, Strategic Market Initiative (EIN: 10817065) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Strategic Market Initiative spend its money?
Strategic Market Initiative directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Strategic Market Initiative tax-deductible?
Strategic Market Initiative is registered as a tax-exempt nonprofit (EIN: 10817065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Strategic Market Initiative CEO make?
Strategic Market Initiative's highest-compensated officer earns $1.3 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Strategic Market Initiative's spending goes to programs?
Strategic Market Initiative directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Strategic Market Initiative compare to similar nonprofits?
With a transparency score of 75/100 (Good), Strategic Market Initiative is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Strategic Market Initiative located?
Strategic Market Initiative is headquartered in Kingston, Massachusetts and files with the IRS under EIN 10817065. It is classified under NTEE code S41.
How many years of IRS 990 filings does Strategic Market Initiative have?
Strategic Market Initiative has 13 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 $3.1M in total revenue.
How does Strategic Market Initiative cover its executive leadership costs if officer compensation is consistently 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean the organization is entirely volunteer-led at the executive level, or that compensation is provided through other means not categorized as 'officer compensation' on the 990, or that officers are compensated by a related entity. Further investigation into the organization's operational structure would be needed.
What caused the significant increase in expenses relative to revenue in 2022 and 2023?
In 2022, expenses ($1,854,201) exceeded revenue ($1,362,550) by $491,651, and in 2023, expenses ($1,798,049) exceeded revenue ($1,685,721) by $112,328. The provided data does not detail the specific expense categories, so it's unclear if this was due to increased program activities, administrative costs, or other factors. This trend warrants closer examination to understand its sustainability.
Is the organization's asset growth sustainable given recent operating deficits?
While assets have grown from $1,292,458 in 2014 to $1,870,799 in 2023, the recent operating deficits in 2022 and 2023 suggest that the organization is spending more than it earns. Continued deficits could erode assets over time if not offset by future surpluses or significant non-operating income.
Filing History
IRS 990 filing history for Strategic Market Initiative showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Strategic Market Initiative's revenue has grown by 52.3%, moving from $1.1M to $1.7M. Total assets increased by 78.9% over the same period, from $1.0M to $1.9M. Total functional expenses rose by 89.5%, from $949K to $1.8M. In its most recent filing year (2023), Strategic Market Initiative reported a deficit of $112K, with expenses exceeding revenue. The organization holds $678K in liabilities against $1.9M in assets (debt-to-asset ratio: 36.2%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.8M | $1.9M | $678K | — | — |
| 2022 | $1.4M | $1.9M | $1.8M | $577K | — | View 990 |
| 2021 | $1.4M | $1.0M | $2.3M | $529K | — | View 990 |
| 2020 | $1.3M | $1.2M | $1.7M | $318K | — | — |
| 2019 | $1.5M | $1.6M | $1.6M | $289K | — | View 990 |
| 2018 | $1.6M | $1.6M | $1.8M | $384K | — | View 990 |
| 2017 | $1.5M | $1.4M | $1.9M | $477K | — | — |
| 2016 | $1.6M | $1.3M | $1.6M | $341K | — | View 990 |
| 2015 | $1.5M | $1.4M | $1.4M | $347K | — | View 990 |
| 2014 | $1.4M | $1.3M | $1.3M | $389K | — | View 990 |
| 2013 | $1.2M | $1.1M | $1.1M | $275K | — | View 990 |
| 2012 | $1.1M | $1.1M | $955K | $222K | — | View 990 |
| 2011 | $1.1M | $949K | $1.0M | $340K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.8M, and assets of $1.9M (revenue +23.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.9M, and assets of $1.8M (revenue -3.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.0M, and assets of $2.3M (revenue +6.7% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $1.7M (revenue -12.2% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $1.6M (revenue -4.4% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $1.8M (revenue +2.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $1.9M (revenue -1.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.3M, and assets of $1.6M (revenue +6.7% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $1.4M (revenue +6.0% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $1.3M (revenue +16.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $1.1M (revenue +5.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $955K (revenue +2.3% year-over-year).
- 2011: Revenue of $1.1M, expenses of $949K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Strategic Market Initiative:
Data Sources and Methodology
This transparency report for Strategic Market Initiative 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.