Soaring Society Of America Inc
EIN: 951932120 · Hobbs, NM · NTEE: N00Z
About Soaring Society Of America Inc
Soaring Society Of America Inc (EIN: 951932120) is a nonprofit organization based in Hobbs, NM, classified under NTEE code N00Z. The organization reported total revenue of $1.4M and total assets of $563K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soaring Society Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Soaring Society Of America Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Soaring Society Of America Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Soaring Society Of America Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Soaring Society Of America Inc's revenue has declined by 37.7%, moving from $2.1M to $1.3M. Total assets decreased by 75.6% over the same period, from $3.1M to $749K. Total functional expenses rose by 35.7%, from $1.0M to $1.4M. In its most recent filing year (2023), Soaring Society Of America Inc reported a deficit of $87K, with expenses exceeding revenue. The organization holds $408K in liabilities against $749K in assets (debt-to-asset ratio: 54.4%), resulting in net assets of $341K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $749K | $408K | — | — |
| 2022 | $1.1M | $1.1M | $930K | $510K | — | View 990 |
| 2021 | $2.3M | $1.1M | $7.9M | $455K | — | View 990 |
| 2019 | $1.6M | $1.3M | $5.1M | $391K | — | View 990 |
| 2018 | $1.6M | $1.5M | $4.2M | $366K | — | View 990 |
| 2017 | $1.2M | $1.1M | $4.5M | $405K | — | — |
| 2016 | $1.7M | $1.6M | $4.0M | $345K | — | View 990 |
| 2015 | $1.1M | $1.1M | $3.8M | $432K | — | View 990 |
| 2014 | $1.6M | $1.7M | $3.9M | $344K | — | View 990 |
| 2013 | $1.1M | $1.1M | $3.9M | $392K | — | View 990 |
| 2012 | $1.6M | $1.4M | $3.4M | $361K | — | View 990 |
| 2011 | $2.1M | $1.0M | $3.1M | $438K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $749K (revenue +25.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $930K (revenue -54.9% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.1M, and assets of $7.9M (revenue +47.7% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.3M, and assets of $5.1M (revenue -0.9% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $4.2M (revenue +38.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $4.5M (revenue -33.8% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $4.0M (revenue +61.4% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $3.8M (revenue -33.4% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $3.9M (revenue +41.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $3.9M (revenue -28.5% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.4M, and assets of $3.4M (revenue -24.4% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.0M, and assets of $3.1M.
Data Sources and Methodology
This transparency report for Soaring Society 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.