Social Finance Inc
EIN: 274620963 · Boston, MA · NTEE: P12
| Metric | Value |
|---|---|
| Total Revenue | $98.6M |
| Total Expenses | $31.6M |
| Net Assets | $137.2M |
Is Social Finance Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Social Finance Inc
Social Finance Inc (EIN: 274620963) is a nonprofit organization based in Boston, MA, classified under NTEE code P12. The organization reported total revenue of $98.6M and total assets of $194.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Social Finance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Social Finance Inc is a major nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39.2M |
| Total Expenses | $31.6M |
| Surplus / Deficit | +$7.6M |
| Total Assets | $158.2M |
| Total Liabilities | $21.0M |
| Net Assets | $137.2M |
| Operating Margin | 19.5% |
| Debt-to-Asset Ratio | 13.3% |
| Months of Reserves | 60.1 months |
Financial Health Grade: A
In 2023, Social Finance Inc reported a surplus of $7.6M with revenue exceeding expenses, holds 60.1 months of operating reserves (strong position), has a debt-to-asset ratio of 13.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Social Finance Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.6% | +35.6% | +3.0% |
| 2022 | -10.1% | +26.8% | +60.0% |
| 2021 | +413.9% | +19.8% | +210.3% |
| 2020 | -32.9% | +24.1% | +11.9% |
| 2019 | +69.8% | +22.7% | +76.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Social Finance 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 Social Finance 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.3%.
Frequently Asked Questions about Social Finance Inc
Is Social Finance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Social Finance Inc (EIN: 274620963) insufficient data. 0 red flags identified, 0 strengths noted.
How does Social Finance Inc spend its money?
Detailed spending breakdown data is not yet available for Social Finance Inc. Check back for updated IRS 990 analysis.
Are donations to Social Finance Inc tax-deductible?
Social Finance Inc is registered as a tax-exempt nonprofit (EIN: 274620963). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Social Finance Inc located?
Social Finance Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 274620963. It is classified under NTEE code P12.
How many years of IRS 990 filings does Social Finance Inc have?
Social Finance 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 $98.6M in total revenue.
Filing History
IRS 990 filing history for Social Finance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Social Finance Inc's revenue has grown by 867.8%, moving from $4.1M to $39.2M. Total assets increased by 5022.8% over the same period, from $3.1M to $158.2M. Total functional expenses rose by 2807.4%, from $1.1M to $31.6M. In its most recent filing year (2023), Social Finance Inc reported a surplus of $7.6M, with revenue exceeding expenses. The organization holds $21.0M in liabilities against $158.2M in assets (debt-to-asset ratio: 13.3%), resulting in net assets of $137.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39.2M | $31.6M | $158.2M | $21.0M | — | — |
| 2022 | $73.4M | $23.3M | $153.6M | $20.1M | — | View 990 |
| 2021 | $81.7M | $18.4M | $96.0M | $10.9M | — | View 990 |
| 2020 | $15.9M | $15.3M | $30.9M | $7.7M | — | View 990 |
| 2019 | $23.7M | $12.4M | $27.6M | $4.6M | — | View 990 |
| 2018 | $14.0M | $10.1M | $15.7M | $4.0M | — | View 990 |
| 2017 | $9.3M | $7.9M | $9.2M | $1.5M | — | View 990 |
| 2016 | $4.9M | $5.0M | $6.8M | $680K | — | View 990 |
| 2015 | $4.2M | $4.5M | $7.0M | $750K | — | View 990 |
| 2014 | $6.9M | $3.5M | $7.0M | $465K | — | View 990 |
| 2013 | $2.3M | $2.0M | $3.3M | $228K | — | View 990 |
| 2012 | $2.7M | $2.8M | $3.9M | $1.1M | — | View 990 |
| 2011 | $4.1M | $1.1M | $3.1M | $122K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.2M, expenses of $31.6M, and assets of $158.2M (revenue -46.6% year-over-year).
- 2022: Revenue of $73.4M, expenses of $23.3M, and assets of $153.6M (revenue -10.1% year-over-year).
- 2021: Revenue of $81.7M, expenses of $18.4M, and assets of $96.0M (revenue +413.9% year-over-year).
- 2020: Revenue of $15.9M, expenses of $15.3M, and assets of $30.9M (revenue -32.9% year-over-year).
- 2019: Revenue of $23.7M, expenses of $12.4M, and assets of $27.6M (revenue +69.8% year-over-year).
- 2018: Revenue of $14.0M, expenses of $10.1M, and assets of $15.7M (revenue +49.8% year-over-year).
- 2017: Revenue of $9.3M, expenses of $7.9M, and assets of $9.2M (revenue +91.4% year-over-year).
- 2016: Revenue of $4.9M, expenses of $5.0M, and assets of $6.8M (revenue +16.0% year-over-year).
- 2015: Revenue of $4.2M, expenses of $4.5M, and assets of $7.0M (revenue -39.5% year-over-year).
- 2014: Revenue of $6.9M, expenses of $3.5M, and assets of $7.0M (revenue +205.2% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.0M, and assets of $3.3M (revenue -15.3% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.8M, and assets of $3.9M (revenue -33.8% year-over-year).
- 2011: Revenue of $4.1M, expenses of $1.1M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Social Finance Inc:
Data Sources and Methodology
This transparency report for Social Finance 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.