Is Sofia American Schools Inc Legit? —…

Strengths

Consistent revenue growth over the past five years, from $7,480,694 in 2019 to $10,537,119 in 2023.
Zero reported officer compensation across all available filings, indicating a strong commitment to mission-focused spending.
Healthy asset base of $19,687,568 in 2023, demonstrating financial stability.
Positive net income in most recent years, such as a surplus of over $596,000 in 2023 ($10,537,119 revenue - $9,941,004 expenses).
Consistent IRS 990 filing history, indicating good governance and transparency.

Spending Breakdown

How Sofia American Schools Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Sofia American Schools Inc

Is Sofia American Schools Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Sofia American Schools Inc (EIN: 136400773) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Sofia American Schools Inc a good charity to donate to?

Sofia American Schools Inc has a Mission Score of 95/100. Revenue: $11.2M. Assets: $19.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Sofia American Schools Inc?

The Employer Identification Number (EIN) for Sofia American Schools Inc is 136400773. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Sofia American Schools Inc spend its money?

Sofia American Schools Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Sofia American Schools Inc's tax-exempt status?

You can verify Sofia American Schools Inc's tax-exempt status using EIN 136400773 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Sofia American Schools Inc demonstrates consistent financial growth and strong program spending, indicating a healthy operational model. Over the past five years, revenue has steadily increased from $7,480,694 in 2019 to $10,537,119 in 2023, with corresponding increases in assets. The organization consistently reports 0% officer compensation, which is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice, combined with a healthy asset base of $19,687,568 in 2023, suggests a well-managed and financially stable entity.

The spending efficiency appears robust, with expenses generally aligning with or slightly below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $9,941,004 against revenues of $10,537,119, resulting in a surplus. The absence of reported officer compensation further reinforces the idea that the organization prioritizes its programmatic activities. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the raw data, the overall financial health and the lack of executive compensation suggest a high degree of spending efficiency and a focus on mission delivery.

Transparency is excellent due to the consistent reporting of 0% officer compensation. This level of transparency regarding executive pay is commendable and builds trust with donors and stakeholders. The consistent filing of IRS 990 forms over 13 periods also indicates a commitment to regulatory compliance and public disclosure. The organization's financial trajectory, marked by steady revenue growth and responsible expense management, paints a picture of a financially sound and transparent nonprofit.

Is Sofia American Schools Inc Legit?

Verdict: Sofia American Schools Inc appears trustworthy

Red Flags