Quick charity verification for Soma 501 Little Rock Inc (EIN: 203571691)
Verdict: Soma 501 Little Rock Inc shows mixed signals
55/100Mission Score
$222KRevenue
$95KAssets
2Red Flags
2Strengths
Red Flags
Only one IRS 990 filing available (2011) for detailed analysis, making current financial assessment difficult.
Operated at a deficit in its 2011 filing (Expenses $20,661 vs. Revenue $13,186).
Strengths
Reported 0% officer compensation in its 2011 filing, indicating volunteer leadership or very low overhead in its early stages.
Significant growth in reported revenue from $13,186 in 2011 to $221,981 currently, suggesting increased activity or support.
Spending Breakdown
How Soma 501 Little Rock Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Soma 501 Little Rock Inc
Is Soma 501 Little Rock Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Soma 501 Little Rock Inc (EIN: 203571691) shows mixed signals. Mission Score: 55/100. 2 red flags identified, 2 strengths noted.
Is Soma 501 Little Rock Inc a good charity to donate to?
Soma 501 Little Rock Inc has a Mission Score of 55/100. Revenue: $222K. Assets: $95K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Soma 501 Little Rock Inc?
The Employer Identification Number (EIN) for Soma 501 Little Rock Inc is 203571691. 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 Soma 501 Little Rock Inc spend its money?
Soma 501 Little Rock Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Soma 501 Little Rock Inc's tax-exempt status?
You can verify Soma 501 Little Rock Inc's tax-exempt status using EIN 203571691 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
Soma 501 Little Rock Inc appears to be a very small, nascent organization based on its single available IRS 990 filing from 2011. With reported revenue of only $13,186 and expenses of $20,661 in that period, it operated at a deficit. Its assets were minimal at $513, indicating limited financial capacity. The organization's current reported revenue of $221,981 and assets of $94,672 suggest significant growth since its initial filing, but without more recent detailed financial data, a comprehensive assessment of its current financial health, spending efficiency, and transparency is challenging. The lack of multiple filings makes it difficult to track trends or assess long-term sustainability and operational efficiency.