Society Of Flavor Chemists Inc
Society Of Flavor Chemists Inc shows fluctuating revenues and expenses, with no reported officer compensation.
EIN: 132733564 · Neptune, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $381K |
| Total Expenses | $130K |
| Program Spending | 80% |
| Net Assets | $43K |
| Transparency Score | 75/100 |
Is Society Of Flavor Chemists Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Society Of Flavor Chemists Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Society Of Flavor Chemists Inc
Society Of Flavor Chemists Inc (EIN: 132733564) is a nonprofit organization based in Neptune, NJ. The organization reported total revenue of $381K and total assets of $328K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society Of Flavor Chemists Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society Of Flavor Chemists Inc is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $130K |
| Surplus / Deficit | $-26,341 |
| Total Assets | $43K |
| Net Assets | $43K |
| Operating Margin | -25.3% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Society Of Flavor Chemists Inc reported a deficit of $26K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Society Of Flavor Chemists Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +97.2% | +48.1% | -38.1% |
| 2022 | +67.0% | +93.9% | -33.8% |
| 2021 | -83.4% | -77.6% | -11.7% |
| 2020 | +32.6% | +127.7% | -9.6% |
| 2019 | +163.4% | +10.8% | +71.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1975 |
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 Flavor Chemists Inc with a Mission Score of 75 out of 100 (Good). 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, Society Of Flavor Chemists 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 $26K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, which is a positive for minimizing administrative overhead.
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 Society Of Flavor Chemists Inc's IRS 990 filings:
- Frequent operating deficits (e.g., 2023, 2022, 2021, 2020, 2018, 2017, 2016, 2014)
- Declining assets in recent years (from $167,271 in 2015 to $42,810 in 2023)
Strengths
The following positive indicators were identified for Society Of Flavor Chemists Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and low executive overhead.
- Consistently reports zero liabilities, suggesting a debt-free or very low-debt financial position.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Society Of Flavor Chemists Inc
Is Society Of Flavor Chemists Inc a legitimate charity?
Society Of Flavor Chemists Inc (EIN: 132733564) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $381K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Society Of Flavor Chemists Inc spend its money?
Society Of Flavor Chemists Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Society Of Flavor Chemists Inc tax-deductible?
Society Of Flavor Chemists Inc is registered as a tax-exempt nonprofit (EIN: 132733564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Society Of Flavor Chemists Inc's spending goes to programs?
Society Of Flavor Chemists Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Society Of Flavor Chemists Inc located?
Society Of Flavor Chemists Inc is headquartered in Neptune, New Jersey and files with the IRS under EIN 132733564.
How many years of IRS 990 filings does Society Of Flavor Chemists Inc have?
Society Of Flavor Chemists 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 $381K in total revenue.
Is Society Of Flavor Chemists Inc financially stable?
The organization experiences fluctuations in revenue and expenses, sometimes operating at a deficit (e.g., $104,077 revenue vs. $130,418 expenses in 2023), but also has periods of surplus. Its assets have varied, and it consistently reports zero liabilities, suggesting a generally stable, though not rapidly growing, financial position.
How does the organization manage its administrative costs?
A significant strength in managing administrative costs is the consistent reporting of 0% officer compensation across all available filings, indicating a volunteer-led structure at the executive level.
What is the trend in the organization's assets?
The organization's assets have fluctuated over time, peaking at $167,271 in 2015 and declining to $42,810 in 2023. This indicates variability in its financial reserves.
Filing History
IRS 990 filing history for Society Of Flavor Chemists Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Society Of Flavor Chemists Inc's revenue has grown by 81.3%, moving from $57K to $104K. Total assets decreased by 66.8% over the same period, from $129K to $43K. Total functional expenses rose by 142.4%, from $54K to $130K. In its most recent filing year (2023), Society Of Flavor Chemists Inc reported a deficit of $26K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $130K | $43K | $0 | — | View 990 |
| 2022 | $53K | $88K | $69K | $0 | — | View 990 |
| 2021 | $32K | $45K | $104K | $0 | — | View 990 |
| 2020 | $191K | $203K | $118K | $0 | — | View 990 |
| 2019 | $144K | $89K | $131K | $0 | — | View 990 |
| 2018 | $55K | $80K | $76K | $0 | — | View 990 |
| 2017 | $64K | $104K | $102K | $0 | — | View 990 |
| 2016 | $58K | $84K | $142K | $1 | — | View 990 |
| 2015 | $215K | $152K | $167K | $0 | — | View 990 |
| 2014 | $97K | $116K | $105K | $0 | — | View 990 |
| 2013 | $85K | $85K | $124K | $0 | — | View 990 |
| 2012 | $60K | $64K | $125K | $0 | — | View 990 |
| 2011 | $57K | $54K | $129K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104K, expenses of $130K, and assets of $43K (revenue +97.2% year-over-year).
- 2022: Revenue of $53K, expenses of $88K, and assets of $69K (revenue +67.0% year-over-year).
- 2021: Revenue of $32K, expenses of $45K, and assets of $104K (revenue -83.4% year-over-year).
- 2020: Revenue of $191K, expenses of $203K, and assets of $118K (revenue +32.6% year-over-year).
- 2019: Revenue of $144K, expenses of $89K, and assets of $131K (revenue +163.4% year-over-year).
- 2018: Revenue of $55K, expenses of $80K, and assets of $76K (revenue -15.0% year-over-year).
- 2017: Revenue of $64K, expenses of $104K, and assets of $102K (revenue +10.1% year-over-year).
- 2016: Revenue of $58K, expenses of $84K, and assets of $142K (revenue -72.8% year-over-year).
- 2015: Revenue of $215K, expenses of $152K, and assets of $167K (revenue +122.2% year-over-year).
- 2014: Revenue of $97K, expenses of $116K, and assets of $105K (revenue +14.1% year-over-year).
- 2013: Revenue of $85K, expenses of $85K, and assets of $124K (revenue +40.7% year-over-year).
- 2012: Revenue of $60K, expenses of $64K, and assets of $125K (revenue +4.8% year-over-year).
- 2011: Revenue of $57K, expenses of $54K, and assets of $129K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society Of Flavor Chemists Inc:
Data Sources and Methodology
This transparency report for Society Of Flavor Chemists 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.