Phil Smith & Family Foundation is a 501(c)(3) organization based in Hooper, Utah, registered in 2014, with $78,164 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$78K
▼ 3.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$162K
Net assets
$2.2M
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 Phil Smith & Family 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 Phil Smith & Family Foundation: 160 mo reserves · -107% margin earns a F 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 Phil Smith & Family 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 Phil Smith & Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $48K (FY2018) to $78K (FY2024) across 7 reported years.
Financial snapshot
Operating margin
-107.4%
Spent more than it raised in the latest fiscal year.
Total assets
$2.2M
Total liabilities
$0
Net assets
$2.2M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $78,164▼3.1% | $162,139▲11.6% | $2,160,151▼3.7% | $2,160,151▼3.7% | 990PF |
| 2023 | $80,625▼5.2% | $145,338▼31.3% | $2,244,126▼2.8% | $2,244,126▼2.8% | 990PF |
| 2022 | $85,060▼4.6% | $211,607▲14.9% | $2,308,839▼5.2% | $2,308,839▼5.2% | 990PF |
| 2021 | $89,202▲205% | $184,241▲17.5% | $2,435,386▲48.3% | $2,435,386▲48.3% | 990PF |
| 2020 | $29,249▼58.4% | $156,827▼2.5% | $1,642,294▼12.9% | $1,642,294▼12.9% | 990PF |
| 2019 | $70,237▲46.4% | $160,853▼27.5% | $1,885,189▲10.2% | $1,885,189▲10.2% | 990PF |
| 2018 | $47,962 | $221,887 | $1,710,329 | $1,710,329 | 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 Phil Smith & Family Foundation (EIN 61-1601193) 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.