Frances C and William P Smallwood Foundation is a 501(c)(3) organization based in Fort Worth, Texas, registered in 1969, with $427,361 in FY2025 revenue. CharityIndex grades it D.
Revenue (FY2025)
$427K
▲ 3.6% vs prior year
Expenses (FY2025)
$568K
Net assets
$7.2M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Frances C and William P Smallwood Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Frances C and William P Smallwood Foundation: 152 mo reserves · -33% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Frances C and William P Smallwood Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Frances C and William P Smallwood Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $1.2M (FY2017) to $427K (FY2025) across 9 reported years.
Financial snapshot
Operating margin
-33.0%
Spent more than it raised in the latest fiscal year.
Total assets
$7.2M
Total liabilities
$0
Net assets
$7.2M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $427,361▲3.6% | $568,178▲7.6% | $7,199,133▼1.9% | $7,199,133▼1.9% | 990PF |
| 2024 | $412,531▲83.2% | $528,011▼2.3% | $7,339,950▼1.5% | $7,339,950▼1.5% | 990PF |
| 2023 | $225,184▼15.3% | $540,383▲3.2% | $7,455,430▼4.1% | $7,455,430▼4.1% | 990PF |
| 2022 | $265,757▼60.9% | $523,481▼5.8% | $7,770,629▼3.2% | $7,770,629▼3.2% | 990PF |
| 2021 | $680,245▲55995% | $555,537▲13.0% | $8,028,353▲1.6% | $8,028,353▲1.6% | 990PF |
| 2020 | -$1,217▼100% | $491,690▼8.1% | $7,903,645▼5.9% | $7,903,645▼5.9% | 990PF |
| 2019 | $264,127▼75.4% | $535,210▲1.0% | $8,396,552▼3.1% | $8,396,552▼3.1% | 990PF |
| 2018 | $1,074,907▼12.5% | $529,782▲3.3% | $8,667,635▲7.3% | $8,667,635▲7.3% | 990PF |
| 2017 | $1,228,772 | $512,949▲23.8% | $8,077,449▲3.8% | $8,077,449▲3.8% | 990PF |
| 2010 | — | $414,413 | $7,781,174 | $7,781,174 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Frances C and William P Smallwood Foundation (EIN 23-7000306) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.