Sociedad Interamericana De Prensa Inc
Sociedad Interamericana De Prensa Inc maintains strong assets and reports no officer compensation, with consistent operational expenses.
EIN: 208062541 · Miami, FL · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| Net Assets | $9.0M |
| Transparency Score | 85/100 |
Is Sociedad Interamericana De Prensa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sociedad Interamericana De Prensa Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sociedad Interamericana De Prensa Inc
Sociedad Interamericana De Prensa Inc (EIN: 208062541) is a nonprofit organization based in Miami, FL, classified under NTEE code B12. The organization reported total revenue of $1.6M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sociedad Interamericana De Prensa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sociedad Interamericana De Prensa Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-30,762 |
| Total Assets | $9.0M |
| Net Assets | $9.0M |
| Operating Margin | -2.6% |
| Months of Reserves | 90.2 months |
Financial Health Grade: B
In 2023, Sociedad Interamericana De Prensa Inc reported a deficit of $31K with expenses exceeding revenue, holds 90.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Sociedad Interamericana De Prensa Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.5% | +25.7% | -0.3% |
| 2022 | +10.5% | +0.4% | -13.3% |
| 2021 | -41.9% | -46.5% | +13.5% |
| 2020 | +15.2% | +51.4% | -3.2% |
| 2019 | +8.8% | -14.8% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Sociedad Interamericana De Prensa 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: 80%
- fundraising: 5%
According to IRS 990 filings, Sociedad Interamericana De Prensa Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and operational scope, suggesting either a fully volunteer executive team or compensation is categorized differently.
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 Sociedad Interamericana De Prensa Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data prevents full spending efficiency analysis
- Unusually consistent 0% officer compensation across all filings may warrant further investigation into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Sociedad Interamericana De Prensa Inc:
- Strong asset base ($9,359,972 latest, consistently over $9M recently) providing significant financial stability.
- Minimal liabilities (e.g., $0 in 202306, $125,873 in 202206) indicating low debt burden.
- Consistent reporting of 0% officer compensation, suggesting high resource allocation to mission.
- Stable revenue and expense patterns over the long term, indicating predictable operations.
Frequently Asked Questions about Sociedad Interamericana De Prensa Inc
Is Sociedad Interamericana De Prensa Inc a legitimate charity?
Sociedad Interamericana De Prensa Inc (EIN: 208062541) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Sociedad Interamericana De Prensa Inc spend its money?
Sociedad Interamericana De Prensa Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sociedad Interamericana De Prensa Inc tax-deductible?
Sociedad Interamericana De Prensa Inc is registered as a tax-exempt nonprofit (EIN: 208062541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sociedad Interamericana De Prensa Inc's spending goes to programs?
Sociedad Interamericana De Prensa Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sociedad Interamericana De Prensa Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sociedad Interamericana De Prensa Inc is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sociedad Interamericana De Prensa Inc located?
Sociedad Interamericana De Prensa Inc is headquartered in Miami, Florida and files with the IRS under EIN 208062541. It is classified under NTEE code B12.
How many years of IRS 990 filings does Sociedad Interamericana De Prensa Inc have?
Sociedad Interamericana De Prensa 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 $1.6M in total revenue.
Is Sociedad Interamericana De Prensa Inc a good charity?
Based on the provided data, the organization appears financially stable with substantial assets and minimal liabilities. The reported 0% officer compensation is a positive indicator of resource allocation, though a detailed functional expense breakdown would provide a more complete picture of program efficiency.
How does the organization manage its executive compensation?
All available IRS 990 filings indicate 0% officer compensation, which is a strong positive for resource allocation directly to mission-related activities. This suggests either a volunteer-led executive team or that executive salaries are reported under other expense categories, which would require further investigation of the full 990 forms.
What is the trend in the organization's revenue and expenses?
Excluding an outlier year in 2016, the organization's revenue and expenses have been relatively stable, generally fluctuating between $1.0 million and $1.7 million annually over the past decade. In the most recent period (202306), expenses slightly exceeded revenue ($1,202,162 vs $1,171,400).
What is the organization's financial stability?
Sociedad Interamericana De Prensa Inc demonstrates strong financial stability, consistently holding assets above $9 million in recent years, significantly higher than its annual operating expenses. Liabilities have also been very low, often near zero in recent filings, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Sociedad Interamericana De Prensa Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sociedad Interamericana De Prensa Inc's revenue has declined by 34.9%, moving from $1.8M to $1.2M. Total assets increased by 47% over the same period, from $6.1M to $9.0M. Total functional expenses fell by 50.1%, from $2.4M to $1.2M. In its most recent filing year (2023), Sociedad Interamericana De Prensa Inc reported a deficit of $31K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $9.0M | $0 | — | View 990 |
| 2022 | $1.1M | $957K | $9.1M | $126K | — | View 990 |
| 2021 | $995K | $953K | $10.4M | $213K | — | View 990 |
| 2020 | $1.7M | $1.8M | $9.2M | $310K | — | View 990 |
| 2019 | $1.5M | $1.2M | $9.5M | $334K | — | View 990 |
| 2018 | $1.4M | $1.4M | $9.1M | $190K | — | View 990 |
| 2017 | $1.5M | $1.3M | $9.0M | $245K | — | View 990 |
| 2016 | $6.4M | $1.6M | $8.3M | $94K | — | View 990 |
| 2015 | $1.5M | $1.8M | $4.9M | $1.5M | — | View 990 |
| 2014 | $1.7M | $2.2M | $4.9M | $1.2M | — | View 990 |
| 2013 | $998K | $2.0M | $5.3M | $1.3M | — | View 990 |
| 2012 | $1.7M | $2.3M | $5.2M | $1.1M | — | View 990 |
| 2011 | $1.8M | $2.4M | $6.1M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $9.0M (revenue +6.5% year-over-year).
- 2022: Revenue of $1.1M, expenses of $957K, and assets of $9.1M (revenue +10.5% year-over-year).
- 2021: Revenue of $995K, expenses of $953K, and assets of $10.4M (revenue -41.9% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.8M, and assets of $9.2M (revenue +15.2% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.2M, and assets of $9.5M (revenue +8.8% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $9.1M (revenue -6.1% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.3M, and assets of $9.0M (revenue -77.4% year-over-year).
- 2016: Revenue of $6.4M, expenses of $1.6M, and assets of $8.3M (revenue +316.5% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.8M, and assets of $4.9M (revenue -10.5% year-over-year).
- 2014: Revenue of $1.7M, expenses of $2.2M, and assets of $4.9M (revenue +73.4% year-over-year).
- 2013: Revenue of $998K, expenses of $2.0M, and assets of $5.3M (revenue -41.5% year-over-year).
- 2012: Revenue of $1.7M, expenses of $2.3M, and assets of $5.2M (revenue -5.1% year-over-year).
- 2011: Revenue of $1.8M, expenses of $2.4M, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sociedad Interamericana De Prensa Inc:
Data Sources and Methodology
This transparency report for Sociedad Interamericana De Prensa 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.