Quick charity verification for Somos Inc (EIN: 223128393)
Verdict: Somos Inc appears trustworthy
85/100Mission Score
$2.0MRevenue
$785KAssets
3Red Flags
1Strengths
Red Flags
Administrative costs have remained relatively stable over the years, suggesting efficient operations.
The organization has maintained a consistent focus on programs, indicating a strong commitment to its mission.
Fundraising expenses have been kept under 30%, which is a positive sign of financial prudence.
Strengths
Somos Inc has a clear and transparent spending model, with a strong emphasis on program expenses.
Spending Breakdown
How Somos Inc allocates its funds across programs, administration, and fundraising.
55%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
30%
Fundraising
Above average fundraising costs
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 Somos Inc
Is Somos Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Somos Inc (EIN: 223128393) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 1 strength noted.
Is Somos Inc a good charity to donate to?
Somos Inc has a Mission Score of 85/100. Revenue: $2.0M. Assets: $785K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Somos Inc?
The Employer Identification Number (EIN) for Somos Inc is 223128393. 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 Somos Inc spend its money?
Somos Inc allocates 55% to programs, 15% to administration, and 30% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Somos Inc's tax-exempt status?
You can verify Somos Inc's tax-exempt status using EIN 223128393 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
Somos Inc is a unknown nonprofit based in Troy, New York, with reported revenue of $2.0M and assets of $785K. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 55% of spending goes to programs, 15% to administration, and 30% to fundraising. Somos Inc clearly outlines its spending in the annual report, with detailed breakdowns of program, administrative, and fundraising expenses. The organization has maintained a consistent focus on programs, allocating over 50% of its budget to direct services. Administrative costs have been kept under 20%, and fundraising expenses have ranged from 25% to 30%. This transparency is commendable and allows stakeholders to understand how funds are being used. Executive compensation remains at a modest level, with no increase over the past five years, indicating a commitment to fair pay practices. Revenue has grown +273% across 11 filing periods.