Democratic Socialists Of America Inc
Democratic Socialists Of America Inc shows strong revenue growth and financial stability with no reported officer compensation.
EIN: 133109557 · New York, NY · NTEE: V24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.5M |
| Total Expenses | $5.7M |
| Program Spending | 75% |
| Net Assets | $4.6M |
| Transparency Score | 85/100 |
Is Democratic Socialists Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Democratic Socialists Of America Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Democratic Socialists Of America Inc
Democratic Socialists Of America Inc (EIN: 133109557) is a nonprofit organization based in New York, NY, classified under NTEE code V24. The organization reported total revenue of $6.5M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Democratic Socialists Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Democratic Socialists Of America Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 26.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $5.7M |
| Surplus / Deficit | +$5K |
| Total Assets | $4.7M |
| Total Liabilities | $110K |
| Net Assets | $4.6M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2022, Democratic Socialists Of America Inc reported a surplus of $5K with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2022), Democratic Socialists Of America Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -16.6% | +1.4% | -3.4% |
| 2021 | +14.4% | +32.9% | +36.4% |
| 2020 | +98.5% | +18.8% | +98.6% |
| 2019 | +7.1% | +106.1% | -23.2% |
| 2018 | +31.8% | +11.0% | +97.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Democratic Socialists Of America Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Democratic Socialists Of America Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated at levels not requiring disclosure as officer compensation, which is a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Democratic Socialists Of America Inc's IRS 990 filings:
- Detailed functional expense breakdown (program, admin, fundraising) not available in summary data, limiting precise efficiency analysis.
Strengths
The following positive indicators were identified for Democratic Socialists Of America Inc:
- Strong and consistent revenue growth over the past decade, from $292,233 in 2013 to $5,713,635 in 2022.
- Excellent financial health with assets significantly exceeding liabilities ($4,733,062 assets vs. $109,779 liabilities in 2022).
- Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
- Consistent operational spending, with expenses closely matching revenue in recent years, suggesting funds are actively used for mission.
Frequently Asked Questions about Democratic Socialists Of America Inc
Is Democratic Socialists Of America Inc a legitimate charity?
Democratic Socialists Of America Inc (EIN: 133109557) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Democratic Socialists Of America Inc spend its money?
Democratic Socialists Of America Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Democratic Socialists Of America Inc tax-deductible?
Democratic Socialists Of America Inc is registered as a tax-exempt nonprofit (EIN: 133109557). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Democratic Socialists Of America Inc's spending goes to programs?
Democratic Socialists Of America Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Democratic Socialists Of America Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Democratic Socialists Of America Inc is above average for NTEE category V24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Democratic Socialists Of America Inc located?
Democratic Socialists Of America Inc is headquartered in New York, New York and files with the IRS under EIN 133109557. It is classified under NTEE code V24.
How many years of IRS 990 filings does Democratic Socialists Of America Inc have?
Democratic Socialists Of America Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.5M in total revenue.
Is Democratic Socialists Of America Inc financially stable?
Yes, the organization demonstrates strong financial stability with consistent revenue growth from $292,233 in 2013 to $5,713,635 in 2022, and assets significantly exceeding liabilities ($4,733,062 in assets vs. $109,779 in liabilities in 2022).
How does their executive compensation compare to similar organizations?
The Democratic Socialists Of America Inc reports 0% officer compensation in all available filings, which is exceptionally low compared to most organizations of its size and indicates a strong commitment to directing funds towards its mission rather than executive salaries.
What is the trend in their revenue and expenses?
Revenue has shown significant and consistent growth over the past decade, from $292,233 in 2013 to $5,713,635 in 2022. Expenses have generally tracked revenue, indicating active use of funds for operations, with a slight surplus in most recent years (e.g., $5,713,635 revenue vs. $5,708,157 expenses in 2022).
Filing History
IRS 990 filing history for Democratic Socialists Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Democratic Socialists Of America Inc's revenue has grown by 1572%, moving from $342K to $5.7M. Total assets increased by 2490.4% over the same period, from $183K to $4.7M. Total functional expenses rose by 2446.8%, from $224K to $5.7M. In its most recent filing year (2022), Democratic Socialists Of America Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $110K in liabilities against $4.7M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $5.7M | $5.7M | $4.7M | $110K | — | View 990 |
| 2021 | $6.9M | $5.6M | $4.9M | $167K | — | View 990 |
| 2020 | $6.0M | $4.2M | $3.6M | $131K | — | View 990 |
| 2019 | $3.0M | $3.6M | $1.8M | $114K | — | — |
| 2018 | $2.8M | $1.7M | $2.4M | $123K | — | View 990 |
| 2017 | $2.1M | $1.6M | $1.2M | $48K | — | View 990 |
| 2016 | $861K | $480K | $586K | $28K | — | View 990 |
| 2015 | $491K | $415K | $201K | $25K | — | View 990 |
| 2014 | $300K | $306K | $120K | $19K | — | View 990 |
| 2013 | $292K | $319K | $115K | $16K | — | View 990 |
| 2012 | $269K | $292K | $142K | $16K | — | View 990 |
| 2011 | $262K | $287K | $172K | $24K | — | View 990 |
| 2010 | $342K | $224K | $183K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $5.7M, expenses of $5.7M, and assets of $4.7M (revenue -16.6% year-over-year).
- 2021: Revenue of $6.9M, expenses of $5.6M, and assets of $4.9M (revenue +14.4% year-over-year).
- 2020: Revenue of $6.0M, expenses of $4.2M, and assets of $3.6M (revenue +98.5% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.6M, and assets of $1.8M (revenue +7.1% year-over-year).
- 2018: Revenue of $2.8M, expenses of $1.7M, and assets of $2.4M (revenue +31.8% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.6M, and assets of $1.2M (revenue +148.4% year-over-year).
- 2016: Revenue of $861K, expenses of $480K, and assets of $586K (revenue +75.4% year-over-year).
- 2015: Revenue of $491K, expenses of $415K, and assets of $201K (revenue +63.7% year-over-year).
- 2014: Revenue of $300K, expenses of $306K, and assets of $120K (revenue +2.6% year-over-year).
- 2013: Revenue of $292K, expenses of $319K, and assets of $115K (revenue +8.6% year-over-year).
- 2012: Revenue of $269K, expenses of $292K, and assets of $142K (revenue +2.6% year-over-year).
- 2011: Revenue of $262K, expenses of $287K, and assets of $172K (revenue -23.2% year-over-year).
- 2010: Revenue of $342K, expenses of $224K, and assets of $183K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Democratic Socialists Of America Inc:
Data Sources and Methodology
This transparency report for Democratic Socialists Of America Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.