Smith & Watson Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Smith & Watson Foundation is a 501(c)(3) organization based in Hobbs, New Mexico, registered in 1991, with $82,673 in FY2024 revenue. CharityIndex grades it C+.
Po Box 2704, Hobbs, NM, 88241 EIN 85-0387785 Since 1991
Revenue (FY2024)
$83K
▲ 275.5% vs prior year
Expenses (FY2024)
$39K
Net assets
$599K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Smith & Watson Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating183 mo reserves · +53% margin
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 Smith & Watson Foundation: 183 mo reserves · +53% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Smith & Watson Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Smith & Watson Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 2704, Hobbs, NM, 88241
- City
- Hobbs
- State
- New Mexico
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $36K (FY2013) to $83K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $599K
Operating margin
52.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$599K
Total liabilities
$0
Net assets
$599K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $82,673▲276% | $39,202▲1.2% | $599,010▲7.8% | $599,010▲7.8% | 990PF |
| 2023 | $22,014▼64.0% | $38,735▲2.2% | $555,539▼2.9% | $555,539▼2.9% | 990PF |
| 2022 | $61,183▼25.3% | $37,906▼3.8% | $572,260▲4.2% | $572,260▲4.2% | 990PF |
| 2021 | $81,942▲66.8% | $39,415▲20.9% | $548,983▲8.4% | $548,983▲8.4% | 990PF |
| 2020 | $49,112▲2.7% | $32,612▲0.2% | $506,456▲3.4% | $506,456▲3.4% | 990PF |
| 2019 | $47,843▲11.3% | $32,562▼7.9% | $489,956▲3.2% | $489,956▲3.2% | 990PF |
| 2018 | $42,972▼50.3% | $35,355▲24.8% | $474,675▲1.6% | $474,675▲1.6% | 990PF |
| 2017 | $86,426▲90.9% | $28,326▲18.7% | $467,058▲14.2% | $467,058▲14.2% | 990PF |
| 2016 | $45,263▲23.7% | $23,867▲6.9% | $408,958▲5.5% | $408,958▲5.5% | 990PF |
| 2015 | $36,604▼14.4% | $22,330▼6.0% | $387,562▲3.8% | $387,562▲3.8% | 990PF |
| 2014 | $42,747▲19.1% | $23,748▲113% | $373,288▲5.4% | $373,288▲5.4% | 990PF |
| 2013 | $35,881 | $11,170▲13.4% | $354,289▲7.5% | $354,289▲7.5% | 990PF |
| 2012 | — | $9,846▼58.8% | $329,578▲4.7% | $329,578▲4.7% | 990PF |
| 2010 | — | $23,908 | $314,874 | $314,874 | 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.
Frequently asked questions
- Is Smith & Watson Foundation a legitimate nonprofit?
- Yes. Smith & Watson Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-0387785, based in Hobbs, New Mexico. Donations are tax-deductible.
- What is Smith & Watson Foundation's EIN?
- Smith & Watson Foundation's Employer Identification Number (EIN) is 85-0387785.
- How much revenue does Smith & Watson Foundation report?
- Smith & Watson Foundation reported $82,673 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Smith & Watson Foundation have?
- CharityIndex grades Smith & Watson Foundation C+, based on financial health (reserves and operating margin).
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Data for Smith & Watson Foundation (EIN 85-0387785) 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.