Winthrop H Smith Jr Charitable Foundation Inc
Winthrop H Smith Jr Charitable Foundation consistently spends more than it earns, drawing down assets.
EIN: 202642648 · Stamford, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $551K |
| Total Expenses | $228K |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 75/100 |
Is Winthrop H Smith Jr Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Winthrop H Smith Jr Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Winthrop H Smith Jr Charitable Foundation Inc
Winthrop H Smith Jr Charitable Foundation Inc (EIN: 202642648) is a nonprofit organization based in Stamford, CT, classified under NTEE code T22. The organization reported total revenue of $551K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winthrop H Smith Jr Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Winthrop H Smith Jr Charitable Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $161K |
| Total Expenses | $228K |
| Surplus / Deficit | $-67,738 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -42.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 72.9 months |
Financial Health Grade: B
In 2023, Winthrop H Smith Jr Charitable Foundation Inc reported a deficit of $68K with expenses exceeding revenue, holds 72.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Winthrop H Smith Jr Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.1% | +14.4% | -4.7% |
| 2022 | -32.9% | -22.1% | -3.8% |
| 2021 | +421.2% | +12.5% | -2.9% |
| 2020 | -63.0% | +26.0% | -10.7% |
| 2019 | -31.7% | +10.2% | +26.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Winthrop H Smith Jr Charitable Foundation Inc 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: 90%
- fundraising: 0%
According to IRS 990 filings, Winthrop H Smith Jr Charitable Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a foundation of this size.
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 Winthrop H Smith Jr Charitable Foundation Inc's IRS 990 filings:
- Consistent net losses (expenses exceeding revenue) over multiple years, leading to asset depletion.
- Lack of detailed expense breakdown (program vs. admin) in provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Winthrop H Smith Jr Charitable Foundation Inc:
- Zero officer compensation, indicating very low executive overhead.
- Consistent IRS 990 filing history, demonstrating transparency.
- Minimal liabilities ($0 or $1) across all reported periods, indicating sound debt management.
Frequently Asked Questions about Winthrop H Smith Jr Charitable Foundation Inc
Is Winthrop H Smith Jr Charitable Foundation Inc a legitimate charity?
Winthrop H Smith Jr Charitable Foundation Inc (EIN: 202642648) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $551K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Winthrop H Smith Jr Charitable Foundation Inc spend its money?
Winthrop H Smith Jr Charitable Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Winthrop H Smith Jr Charitable Foundation Inc tax-deductible?
Winthrop H Smith Jr Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202642648). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Winthrop H Smith Jr Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Winthrop H Smith Jr Charitable Foundation Inc 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 Winthrop H Smith Jr Charitable Foundation Inc located?
Winthrop H Smith Jr Charitable Foundation Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 202642648. It is classified under NTEE code T22.
How many years of IRS 990 filings does Winthrop H Smith Jr Charitable Foundation Inc have?
Winthrop H Smith Jr Charitable Foundation Inc 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 $551K in total revenue.
Is the Winthrop H Smith Jr Charitable Foundation Inc financially sustainable?
The foundation has consistently spent more than its revenue for several years, leading to a decline in assets from $1,744,301 in 2019 to $1,386,711 in 2023. While it has a substantial asset base, this trend of drawing down principal is not sustainable indefinitely without new significant contributions or improved investment returns.
What is the primary use of the foundation's funds?
As a private grantmaking foundation (NTEE T22), its primary use of funds is typically making grants to other organizations or individuals. The consistent expenses exceeding revenue suggest active grantmaking, drawing from its endowment.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs very efficiently, reporting 0% officer compensation across all filings. This suggests a lean operational structure, likely relying on volunteers or minimal paid staff for administrative functions.
Filing History
IRS 990 filing history for Winthrop H Smith Jr Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Winthrop H Smith Jr Charitable Foundation Inc's revenue has grown by 197.4%, moving from $54K to $161K. Total assets increased by 0.6% over the same period, from $1.4M to $1.4M. Total functional expenses fell by 11.1%, from $257K to $228K. In its most recent filing year (2023), Winthrop H Smith Jr Charitable Foundation Inc reported a deficit of $68K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $161K | $228K | $1.4M | $1 | — | — |
| 2022 | $142K | $200K | $1.5M | $1 | — | View 990 |
| 2021 | $211K | $256K | $1.5M | $1 | — | View 990 |
| 2020 | $41K | $228K | $1.6M | $1 | — | — |
| 2019 | $110K | $181K | $1.7M | $0 | — | View 990 |
| 2015 | $161K | $164K | $1.4M | $0 | — | View 990 |
| 2014 | $200K | $167K | $1.4M | $0 | — | View 990 |
| 2013 | $150K | $146K | $1.4M | $0 | — | View 990 |
| 2012 | $141K | $171K | $1.3M | $0 | — | View 990 |
| 2011 | $54K | $257K | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $161K, expenses of $228K, and assets of $1.4M (revenue +13.1% year-over-year).
- 2022: Revenue of $142K, expenses of $200K, and assets of $1.5M (revenue -32.9% year-over-year).
- 2021: Revenue of $211K, expenses of $256K, and assets of $1.5M (revenue +421.2% year-over-year).
- 2020: Revenue of $41K, expenses of $228K, and assets of $1.6M (revenue -63.0% year-over-year).
- 2019: Revenue of $110K, expenses of $181K, and assets of $1.7M (revenue -31.7% year-over-year).
- 2015: Revenue of $161K, expenses of $164K, and assets of $1.4M (revenue -19.5% year-over-year).
- 2014: Revenue of $200K, expenses of $167K, and assets of $1.4M (revenue +32.9% year-over-year).
- 2013: Revenue of $150K, expenses of $146K, and assets of $1.4M (revenue +6.9% year-over-year).
- 2012: Revenue of $141K, expenses of $171K, and assets of $1.3M (revenue +160.3% year-over-year).
- 2011: Revenue of $54K, expenses of $257K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Winthrop H Smith Jr Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Winthrop H Smith Jr Charitable Foundation Inc 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.