Socorro Storehouse Inc
EIN: 743071008 · Socorro, NM · NTEE: P40
| Metric | Value |
|---|---|
| Total Expenses | $54K |
| Net Assets | $113K |
Search Intent Cockpit
Socorro Storehouse Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Socorro Storehouse Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Socorro Storehouse Inc in one place.
Form 990 Filing Summary
3 filing years are available, with latest revenue of $51K and expenses of $54K.
Revenue and Expenses
Socorro Storehouse Inc reported $51K in revenue and $54K in expenses, a deficit of $3K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is Socorro Storehouse Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Socorro Storehouse Inc shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade B | 3 stored filing years |
| Peer context | Compare with Stevan & Cynthia Pearce Charitable Foundation | New Mexico and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Stevan & Cynthia Pearce Charitable Foundation →All New Mexico nonprofits
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Local and Sector Spokes
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Socorro, NM nonprofitsHuman Services in New Mexico
Human Services in New Mexico
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Jump into spending, compensation, rankings, and filing-year evidence.
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Donation Decision Flow
From Trust Check to Better Alternatives
Verify
Insufficient Data. Check deductibility, filings, and red flags.
2Understand money
Use filing data to inspect spending as enrichment grows.
3Compare
Benchmark against Stevan & Cynthia Pearce Charitable Foundation.
4Decide
Build a shortlist, compare alternatives, and review the latest filing before giving.
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Keep the Investigation Moving
About Socorro Storehouse Inc
Socorro Storehouse Inc (EIN: 743071008) is a nonprofit organization based in Socorro, NM, classified under NTEE code P40. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Socorro Storehouse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Socorro Storehouse Inc is a micro nonprofit that has been operating for 23 years, with 3 years of IRS 990 filings on record (2020–2022). Revenue has grown at a compound annual rate of -34.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $54K |
| Surplus / Deficit | $-2,918 |
| Total Assets | $113K |
| Net Assets | $113K |
| Operating Margin | -5.7% |
| Months of Reserves | 25.2 months |
Financial Health Grade: B
In 2022, Socorro Storehouse Inc reported a deficit of $3K with expenses exceeding revenue, holds 25.2 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2020–2022), Socorro Storehouse Inc's revenue has declined at a compound annual growth rate (CAGR) of -34.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -24.9% | +4.8% | -2.5% |
| 2021 | -41.9% | -6.3% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Socorro Storehouse 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 Socorro Storehouse 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Frequently Asked Questions about Socorro Storehouse Inc
Is Socorro Storehouse Inc a legitimate charity?
Socorro Storehouse Inc (EIN: 743071008) is a registered tax-exempt nonprofit based in New Mexico. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Socorro Storehouse Inc spend its money?
Socorro Storehouse Inc reported its financials in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Socorro Storehouse Inc tax-deductible?
Socorro Storehouse Inc is registered as a tax-exempt nonprofit (EIN: 743071008). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Socorro Storehouse Inc located?
Socorro Storehouse Inc is headquartered in Socorro, New Mexico and files with the IRS under EIN 743071008. It is classified under NTEE code P40.
How many years of IRS 990 filings does Socorro Storehouse Inc have?
Socorro Storehouse Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Socorro Storehouse Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2022), Socorro Storehouse Inc's revenue has declined by 56.4%, moving from $117K to $51K. Total assets increased by 13.6% over the same period, from $100K to $113K. Total functional expenses fell by 1.8%, from $55K to $54K. In its most recent filing year (2022), Socorro Storehouse Inc reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $51K | $54K | $113K | $0 | — | View 990 |
| 2021 | $68K | $51K | $116K | $0 | — | — |
| 2020 | $117K | $55K | $100K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $51K, expenses of $54K, and assets of $113K (revenue -24.9% year-over-year).
- 2021: Revenue of $68K, expenses of $51K, and assets of $116K (revenue -41.9% year-over-year).
- 2020: Revenue of $117K, expenses of $55K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Socorro Storehouse Inc:
Data Sources and Methodology
This transparency report for Socorro Storehouse 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.