There was one batch of 4895 made for a large nastiness called WW II where they skipped the final "washings" to save time and get it to the troops (wave flag if this were a movie) and left some acids in the powder... They thought it would be used soon and storage would not be a concern. THEN the war ended. It was not all used. And some got sold surplus. And the old wives tales got started. The extra acid caused deterioration. Red dust formed. It was not a good preformer. Only good for fertilizer and high N, with little "P" or "K"...
If your powder smells "good" like nail polish remover (non-oily preferred, but both have lots of acetone) or starting fluid (ether and hexane often... you will smell the ether)... NO PROBLEMS. If the powder smells "bad" like vinegar (acetic acid) then you look for red dust in the powder and if you find it, or lots of rust inside the can... Powder is very high in nitrogen and makes a fair fertilizer for the yard. Little strong for the garden, but you could use it in the compost. Don't waste it, but DON'T shoot it. Poor preformance.
Otherwise, if the powder is stored in conditions you could/would live in... it should last indefinitely. The old IMR powders were known to absorb some water from humidity and this could alter exact weight of charges. Double base ball powders have a coating and are often stored (in large supplies) UNDER water. (Reduces the fire insurance a bunch or so says Col. Nonte.)
You need, as in all reloading questions, to use judgement. Does it preform consistently? Keep using it. If it is less reliable... there is always the yard/garden... luck, happy trails.