Society Of Black Academic Surgeons Inc
Society Of Black Academic Surgeons Inc consistently generates significant surpluses, growing assets to nearly $2 million with no reported officer compensation.
EIN: 161444395 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $693K |
| Total Expenses | $303K |
| Program Spending | 85% |
| Net Assets | $1.5M |
| Transparency Score | 90/100 |
Is Society Of Black Academic Surgeons Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society Of Black Academic Surgeons Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Society Of Black Academic Surgeons Inc
Society Of Black Academic Surgeons Inc (EIN: 161444395) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $693K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society Of Black Academic Surgeons Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society Of Black Academic Surgeons Inc is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $746K |
| Total Expenses | $303K |
| Surplus / Deficit | +$443K |
| Total Assets | $2.0M |
| Total Liabilities | $523K |
| Net Assets | $1.5M |
| Operating Margin | 59.4% |
| Debt-to-Asset Ratio | 26.4% |
| Months of Reserves | 78.5 months |
Financial Health Grade: A
In 2023, Society Of Black Academic Surgeons Inc reported a surplus of $443K with revenue exceeding expenses, holds 78.5 months of operating reserves (strong position), has a debt-to-asset ratio of 26.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Society Of Black Academic Surgeons Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | -33.6% | +34.4% |
| 2022 | +75.9% | +197.7% | +33.9% |
| 2021 | +87.5% | +41.8% | +95.9% |
| 2020 | -48.0% | -69.0% | +35.1% |
| 2019 | +59.7% | +43.8% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Society Of Black Academic Surgeons Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Society Of Black Academic Surgeons Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $443K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.4%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, which is highly commendable for financial efficiency and donor trust.
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.
Strengths
The following positive indicators were identified for Society Of Black Academic Surgeons Inc:
- Consistent revenue growth, increasing from $204,150 in 2020 to $745,681 in 2023.
- Significant asset growth, from $562,132 in 2020 to $1,982,045 in 2023.
- No reported officer compensation, indicating a volunteer-driven leadership and high efficiency.
- Strong financial surpluses in recent years, with revenues consistently exceeding expenses.
- Low expense ratio relative to revenue, suggesting efficient use of funds.
Frequently Asked Questions about Society Of Black Academic Surgeons Inc
Is Society Of Black Academic Surgeons Inc a legitimate charity?
Society Of Black Academic Surgeons Inc (EIN: 161444395) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $693K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Society Of Black Academic Surgeons Inc spend its money?
Society Of Black Academic Surgeons Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Society Of Black Academic Surgeons Inc tax-deductible?
Society Of Black Academic Surgeons Inc is registered as a tax-exempt nonprofit (EIN: 161444395). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Society Of Black Academic Surgeons Inc's spending goes to programs?
Society Of Black Academic Surgeons Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Society Of Black Academic Surgeons Inc located?
Society Of Black Academic Surgeons Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 161444395.
How many years of IRS 990 filings does Society Of Black Academic Surgeons Inc have?
Society Of Black Academic Surgeons Inc has 14 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 $693K in total revenue.
Is Society Of Black Academic Surgeons Inc a good charity?
Based on the provided financial data, Society Of Black Academic Surgeons Inc appears to be a very good charity. It consistently generates surpluses, has significantly grown its assets, and reports no officer compensation, indicating strong financial management and a high dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has steadily increased from $204,150 in 2020 to $745,681 in 2023, and assets have grown substantially from $562,132 in 2020 to $1,982,045 in 2023, demonstrating robust growth and financial stability.
What is the trend in the organization's expenses?
While revenues have grown significantly, expenses have remained relatively controlled. For example, in 2023, expenses were $303,107 against revenues of $745,681, indicating efficient operations and a strong ability to retain funds for future initiatives.
Filing History
IRS 990 filing history for Society Of Black Academic Surgeons Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Society Of Black Academic Surgeons Inc's revenue has grown by 673.9%, moving from $96K to $746K. Total assets increased by 913.1% over the same period, from $196K to $2.0M. Total functional expenses rose by 519.5%, from $49K to $303K. In its most recent filing year (2023), Society Of Black Academic Surgeons Inc reported a surplus of $443K, with revenue exceeding expenses. The organization holds $523K in liabilities against $2.0M in assets (debt-to-asset ratio: 26.4%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $746K | $303K | $2.0M | $523K | — | — |
| 2022 | $673K | $456K | $1.5M | $542K | — | View 990 |
| 2021 | $383K | $153K | $1.1M | $268K | — | View 990 |
| 2020 | $204K | $108K | $562K | $0 | — | — |
| 2019 | $393K | $349K | $416K | $0 | — | View 990 |
| 2018 | $246K | $243K | $372K | $0 | — | View 990 |
| 2017 | $223K | $273K | $369K | $0 | — | View 990 |
| 2016 | $197K | $151K | $403K | $0 | — | View 990 |
| 2015 | $247K | $140K | $346K | $0 | — | View 990 |
| 2014 | $232K | $246K | $249K | $0 | — | View 990 |
| 2013 | $97K | $128K | $251K | $0 | — | View 990 |
| 2012 | $131K | $162K | $282K | $0 | — | View 990 |
| 2011 | $143K | $146K | $193K | $0 | — | View 990 |
| 2010 | $96K | $49K | $196K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $746K, expenses of $303K, and assets of $2.0M (revenue +10.8% year-over-year).
- 2022: Revenue of $673K, expenses of $456K, and assets of $1.5M (revenue +75.9% year-over-year).
- 2021: Revenue of $383K, expenses of $153K, and assets of $1.1M (revenue +87.5% year-over-year).
- 2020: Revenue of $204K, expenses of $108K, and assets of $562K (revenue -48.0% year-over-year).
- 2019: Revenue of $393K, expenses of $349K, and assets of $416K (revenue +59.7% year-over-year).
- 2018: Revenue of $246K, expenses of $243K, and assets of $372K (revenue +10.3% year-over-year).
- 2017: Revenue of $223K, expenses of $273K, and assets of $369K (revenue +13.5% year-over-year).
- 2016: Revenue of $197K, expenses of $151K, and assets of $403K (revenue -20.5% year-over-year).
- 2015: Revenue of $247K, expenses of $140K, and assets of $346K (revenue +6.7% year-over-year).
- 2014: Revenue of $232K, expenses of $246K, and assets of $249K (revenue +139.2% year-over-year).
- 2013: Revenue of $97K, expenses of $128K, and assets of $251K (revenue -26.0% year-over-year).
- 2012: Revenue of $131K, expenses of $162K, and assets of $282K (revenue -8.4% year-over-year).
- 2011: Revenue of $143K, expenses of $146K, and assets of $193K (revenue +48.4% year-over-year).
- 2010: Revenue of $96K, expenses of $49K, and assets of $196K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society Of Black Academic Surgeons Inc:
Data Sources and Methodology
This transparency report for Society Of Black Academic Surgeons 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.