William A and Madeline Welder Smith Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
William A and Madeline Welder Smith Foundation is a 501(c)(3) organization based in Houston, Texas, registered in 1992, with $1,423,725 in FY2024 revenue. CharityIndex grades it C+.
5718 Westheimer Rd Ste 1900, Houston, TX, 77057 EIN 76-6076267 Since 1992
Revenue (FY2024)
$1.4M
▲ 63.0% vs prior year
Expenses (FY2024)
$1.0M
Net assets
$15.3M
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 William A and Madeline Welder Smith 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 rating179 mo reserves · +28% 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 William A and Madeline Welder Smith Foundation: 179 mo reserves · +28% 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 William A and Madeline Welder Smith 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 William A and Madeline Welder Smith Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $828K (FY2020) to $1.4M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $15.3M
Operating margin
28.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$15.3M
Total liabilities
$0
Net assets
$15.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,423,725▲63.0% | $1,022,700▼0.1% | $15,288,799▲2.7% | $15,288,799▲2.7% | 990PF |
| 2023 | $873,652▲3.5% | $1,023,617▼10.6% | $14,887,774▼1.0% | $14,887,774▼1.0% | 990PF |
| 2022 | $843,889▼24.3% | $1,145,451▲20.1% | $15,037,739▼2.0% | $15,037,739▼2.0% | 990PF |
| 2021 | $1,114,450▲34.6% | $953,974▲3.2% | $15,339,301▲1.1% | $15,339,301▲1.1% | 990PF |
| 2020 | $827,839 | $923,997 | $15,178,825 | $15,178,825 | 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 William A and Madeline Welder Smith Foundation a legitimate nonprofit?
- Yes. William A and Madeline Welder Smith Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 76-6076267, based in Houston, Texas. Donations are tax-deductible.
- What is William A and Madeline Welder Smith Foundation's EIN?
- William A and Madeline Welder Smith Foundation's Employer Identification Number (EIN) is 76-6076267.
- How much revenue does William A and Madeline Welder Smith Foundation report?
- William A and Madeline Welder Smith Foundation reported $1,423,725 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does William A and Madeline Welder Smith Foundation have?
- CharityIndex grades William A and Madeline Welder Smith Foundation C+, based on financial health (reserves and operating margin).
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Data for William A and Madeline Welder Smith Foundation (EIN 76-6076267) 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.