The Smith Ramsey Foundation
Smith Ramsey Foundation faces severe financial decline with consistent negative revenue and shrinking assets.
EIN: 205983244 · Incline Vlg, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $13K |
| Program Spending | 70% |
| Net Assets | $94K |
| Transparency Score | 35/100 |
Is The Smith Ramsey Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Smith Ramsey Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Smith Ramsey Foundation
The Smith Ramsey Foundation (EIN: 205983244) is a nonprofit organization based in Incline Vlg, NV, classified under NTEE code T20. The organization reported total revenue of $4K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Smith Ramsey Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Smith Ramsey Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1634.2% | -47.9% | -49.1% |
| 2022 | -87.2% | -4.6% | -1.7% |
| 2019 | -129.7% | -79.5% | -46.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The Smith Ramsey Foundation with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Smith Ramsey Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees are drawing salaries from the foundation, which is a positive for resource allocation given the organization's small and declining financial base.
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 The Smith Ramsey Foundation's IRS 990 filings:
- Consistent negative revenue in multiple recent periods (e.g., -$77,446 in 2023, -$2,349 in 2020).
- Dramatic decline in total assets from $858,535 in 2011 to $92,457 currently.
- Latest revenue of $3,725 is insufficient to cover even modest expenses, indicating financial instability.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess spending efficiency.
- Pattern of spending exceeding revenue for many years, leading to asset depletion.
Strengths
The following positive indicators were identified for The Smith Ramsey Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries are drawn from the foundation's funds.
Frequently Asked Questions about The Smith Ramsey Foundation
Is The Smith Ramsey Foundation a legitimate charity?
The Smith Ramsey Foundation (EIN: 205983244) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 35/100. It has 10 years of IRS 990 filings on record. Total revenue: $4K. 5 red flags identified. 1 strength noted. Financial health grade: B.
How does The Smith Ramsey Foundation spend its money?
The Smith Ramsey Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Smith Ramsey Foundation tax-deductible?
The Smith Ramsey Foundation is registered as a tax-exempt nonprofit (EIN: 205983244). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Smith Ramsey Foundation's spending goes to programs?
The Smith Ramsey Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Smith Ramsey Foundation compare to similar nonprofits?
With a transparency score of 35/100 (Poor), The Smith Ramsey Foundation is below average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Smith Ramsey Foundation located?
The Smith Ramsey Foundation is headquartered in Incline Vlg, Nevada and files with the IRS under EIN 205983244. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Smith Ramsey Foundation have?
The Smith Ramsey 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 $4K in total revenue.
Is The Smith Ramsey Foundation financially sustainable?
Based on the consistent negative revenue in recent years (e.g., -$77,446 in 2023, -$2,349 in 2020) and the sharp decline in assets from $858,535 in 2011 to $92,457 currently, the foundation's financial sustainability is highly questionable.
What caused the significant negative revenue in multiple years?
The provided data does not specify the reasons for the negative revenue figures, such as -$77,446 in 2023 or -$832,614 in 2011. This could be due to investment losses, significant asset write-downs, or other financial adjustments, but further investigation into the full 990 forms would be needed.
How does the foundation cover its expenses with such low and often negative revenue?
With reported expenses like $12,824 in 2023 against -$77,446 revenue, and assets declining, it appears the foundation is drawing down its existing assets to cover operational costs, which is not a sustainable model.
What are the specific program activities of The Smith Ramsey Foundation?
The NTEE code T20 indicates it's a grantmaking foundation, but the provided data does not detail specific program activities or the beneficiaries of any grants made. Without this information, it's difficult to assess program impact.
Why have assets decreased so dramatically over the past decade?
Assets have fallen from $858,535 in 2011 to $92,457 currently. This significant decline is likely a result of the consistent negative revenue periods and the foundation spending down its principal to cover expenses, indicating a severe depletion of its endowment or capital.
Filing History
IRS 990 filing history for The Smith Ramsey Foundation showing financial trends over 10 years of public records:
Total assets decreased by 89.1% over the same period, from $859K to $94K. Total functional expenses fell by 89.4%, from $120K to $13K. The organization holds $1 in liabilities against $94K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $94K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-77,446 | $13K | $94K | $1 | — | — |
| 2022 | $5K | $25K | $184K | $1 | — | View 990 |
| 2021 | $40K | $26K | $187K | $1 | — | View 990 |
| 2020 | $-2,349 | $10K | $167K | $1 | — | View 990 |
| 2019 | $-12,973 | $15K | $177K | $1 | — | View 990 |
| 2015 | $44K | $74K | $333K | $0 | — | View 990 |
| 2014 | $35K | $83K | $363K | $0 | — | View 990 |
| 2013 | $-189,390 | $100K | $411K | $0 | — | View 990 |
| 2012 | $-72,358 | $86K | $700K | $0 | — | View 990 |
| 2011 | $-832,614 | $120K | $859K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-77,446, expenses of $13K, and assets of $94K (revenue -1634.2% year-over-year).
- 2022: Revenue of $5K, expenses of $25K, and assets of $184K (revenue -87.2% year-over-year).
- 2021: Revenue of $40K, expenses of $26K, and assets of $187K.
- 2020: Revenue of $-2,349, expenses of $10K, and assets of $167K.
- 2019: Revenue of $-12,973, expenses of $15K, and assets of $177K (revenue -129.7% year-over-year).
- 2015: Revenue of $44K, expenses of $74K, and assets of $333K (revenue +25.2% year-over-year).
- 2014: Revenue of $35K, expenses of $83K, and assets of $363K.
- 2013: Revenue of $-189,390, expenses of $100K, and assets of $411K.
- 2012: Revenue of $-72,358, expenses of $86K, and assets of $700K.
- 2011: Revenue of $-832,614, expenses of $120K, and assets of $859K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Smith Ramsey Foundation:
Data Sources and Methodology
This transparency report for The Smith Ramsey 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.