Vincent Smith School
Vincent Smith School shows consistent revenue growth and strong financial surpluses with no reported officer compensation.
EIN: 111646301 · Prt Washingtn, NY · NTEE: B24Z · Updated: 2026-03-28
Is Vincent Smith School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vincent Smith School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vincent Smith School
Vincent Smith School (EIN: 111646301) is a nonprofit organization based in Prt Washingtn, NY, classified under NTEE code B24Z. The organization reported total revenue of $4.0M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vincent Smith School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vincent Smith School is a mid-size nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$952K |
| Total Assets | $5.4M |
| Total Liabilities | $667K |
| Net Assets | $4.7M |
| Operating Margin | 22.1% |
| Debt-to-Asset Ratio | 12.4% |
| Months of Reserves | 19.3 months |
Financial Health Grade: A
In 2023, Vincent Smith School reported a surplus of $952K with revenue exceeding expenses, holds 19.3 months of operating reserves (strong position), has a debt-to-asset ratio of 12.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vincent Smith School's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +10.4% | +21.5% |
| 2022 | +22.0% | +8.5% | +13.8% |
| 2021 | +12.3% | +9.3% | +13.9% |
| 2020 | +6.0% | +3.0% | +16.2% |
| 2019 | -16.0% | +10.3% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1937 |
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 Vincent Smith School 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Vincent Smith School 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 surplus of $952K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a fully volunteer executive leadership or that compensation is categorized under other expense lines, which enhances the perception of efficient resource allocation.
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 Vincent Smith School's IRS 990 filings:
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided summary data
- Unclear if 'Officer Comp=0%' means no compensation or if it's reported elsewhere, potentially obscuring full compensation picture
Strengths
The following positive indicators were identified for Vincent Smith School:
- Consistent and significant revenue growth over a decade, from $1.4M to $4.3M
- Strong financial surpluses, with revenue exceeding expenses by nearly $1M in 2023
- Substantial increase in assets, more than doubling from $2.6M to $5.4M
- Consistently reported 0% officer compensation, indicating efficient use of funds or volunteer leadership
- Regular and extensive IRS 990 filing history (13 filings), demonstrating transparency
Frequently Asked Questions about Vincent Smith School
Is Vincent Smith School a legitimate charity?
Based on AI analysis of IRS 990 filings, Vincent Smith School (EIN: 111646301) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Vincent Smith School spend its money?
Vincent Smith School directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vincent Smith School tax-deductible?
Vincent Smith School is registered as a tax-exempt nonprofit (EIN: 111646301). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Vincent Smith School financially stable?
Yes, the school demonstrates strong financial stability, with consistent revenue growth from $1.4 million in 2014 to $4.3 million in 2023, and significant annual surpluses, such as the nearly $1 million surplus in 2023.
How has the organization's asset base changed over time?
The organization's assets have more than doubled over the past decade, growing from $2.6 million in 2014 to $5.4 million in 2023, indicating healthy financial growth and accumulation of resources.
Does Vincent Smith School pay its officers?
Based on the provided IRS 990 data, officer compensation is consistently reported as 0% across all 13 filings, suggesting that officers do not receive compensation or it is reported under different expense categories.
What is the trend in the organization's liabilities?
Liabilities have fluctuated but generally decreased relative to assets, from $1.5 million in 2014 to $667,110 in 2023, indicating improved financial leverage and reduced debt burden.
Filing History
IRS 990 filing history for Vincent Smith School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vincent Smith School's revenue has grown by 122%, moving from $1.9M to $4.3M. Total assets increased by 171.4% over the same period, from $2.0M to $5.4M. Total functional expenses rose by 53.6%, from $2.2M to $3.3M. In its most recent filing year (2023), Vincent Smith School reported a surplus of $952K, with revenue exceeding expenses. The organization holds $667K in liabilities against $5.4M in assets (debt-to-asset ratio: 12.4%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $3.3M | $5.4M | $667K | — | — |
| 2022 | $4.1M | $3.0M | $4.4M | $967K | — | View 990 |
| 2021 | $3.3M | $2.8M | $3.9M | $1.5M | — | — |
| 2020 | $3.0M | $2.6M | $3.4M | $1.5M | — | View 990 |
| 2019 | $2.8M | $2.5M | $2.9M | $1.4M | — | View 990 |
| 2018 | $3.3M | $2.3M | $2.7M | $1.4M | — | View 990 |
| 2017 | $2.0M | $2.2M | $2.1M | $1.9M | — | View 990 |
| 2016 | $2.0M | $2.2M | $2.4M | $2.0M | — | View 990 |
| 2015 | $1.4M | $1.9M | $2.3M | $1.8M | — | View 990 |
| 2014 | $1.4M | $1.7M | $2.6M | $1.5M | — | View 990 |
| 2013 | $1.6M | $1.9M | $1.5M | $115K | — | View 990 |
| 2012 | $1.9M | $2.1M | $1.8M | $222K | — | View 990 |
| 2011 | $1.9M | $2.2M | $2.0M | $224K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $3.3M, and assets of $5.4M (revenue +5.8% year-over-year).
- 2022: Revenue of $4.1M, expenses of $3.0M, and assets of $4.4M (revenue +22.0% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.8M, and assets of $3.9M (revenue +12.3% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.6M, and assets of $3.4M (revenue +6.0% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.5M, and assets of $2.9M (revenue -16.0% year-over-year).
- 2018: Revenue of $3.3M, expenses of $2.3M, and assets of $2.7M (revenue +68.4% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.2M, and assets of $2.1M (revenue +1.2% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.2M, and assets of $2.4M (revenue +40.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.9M, and assets of $2.3M (revenue -1.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.7M, and assets of $2.6M (revenue -14.3% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.9M, and assets of $1.5M (revenue -13.3% year-over-year).
- 2012: Revenue of $1.9M, expenses of $2.1M, and assets of $1.8M (revenue -1.8% year-over-year).
- 2011: Revenue of $1.9M, expenses of $2.2M, and assets of $2.0M.
Data Sources and Methodology
This transparency report for Vincent Smith School 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.