Sofia American Schools Inc
Sofia American Schools Inc shows consistent revenue growth and zero executive compensation over the past decade.
EIN: 136400773 · Chestnut Hill, MA · NTEE: Q300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $9.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $17.2M |
| Transparency Score | 95/100 |
Is Sofia American Schools Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sofia American Schools Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sofia American Schools Inc
Sofia American Schools Inc (EIN: 136400773) is a nonprofit organization based in Chestnut Hill, MA, classified under NTEE code Q300. The organization reported total revenue of $11.2M and total assets of $19.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sofia American Schools Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sofia American Schools Inc is a large nonprofit that has been operating for 79 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.5M |
| Total Expenses | $9.9M |
| Surplus / Deficit | +$596K |
| Total Assets | $19.7M |
| Total Liabilities | $2.5M |
| Net Assets | $17.2M |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 12.6% |
| Months of Reserves | 23.8 months |
Financial Health Grade: A
In 2023, Sofia American Schools Inc reported a surplus of $596K with revenue exceeding expenses, holds 23.8 months of operating reserves (strong position), has a debt-to-asset ratio of 12.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sofia American Schools Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.0% | +7.6% | +3.2% |
| 2022 | +7.7% | +5.8% | +1.7% |
| 2021 | +7.6% | +7.2% | +0.9% |
| 2020 | +6.6% | +3.0% | -1.7% |
| 2019 | -44.3% | +1.8% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
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 Sofia American Schools Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Sofia American Schools Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $596K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size with over $10 million in annual revenue.
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 Sofia American Schools Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other expense categories or provided by an affiliated entity not reflected in these filings.
Strengths
The following positive indicators were identified for Sofia American Schools Inc:
- Consistent revenue growth over the past five years, from $7,480,694 in 2019 to $10,537,119 in 2023.
- Zero reported officer compensation across all available filings, indicating a strong commitment to mission-focused spending.
- Healthy asset base of $19,687,568 in 2023, demonstrating financial stability.
- Positive net income in most recent years, such as a surplus of over $596,000 in 2023 ($10,537,119 revenue - $9,941,004 expenses).
- Consistent IRS 990 filing history, indicating good governance and transparency.
Frequently Asked Questions about Sofia American Schools Inc
Is Sofia American Schools Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sofia American Schools Inc (EIN: 136400773) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Sofia American Schools Inc spend its money?
Sofia American Schools Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sofia American Schools Inc tax-deductible?
Sofia American Schools Inc is registered as a tax-exempt nonprofit (EIN: 136400773). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sofia American Schools Inc CEO make?
Sofia American Schools Inc's highest-compensated officer earns $10 annually. The organization reported $11.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sofia American Schools Inc's spending goes to programs?
Sofia American Schools Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sofia American Schools Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Sofia American Schools Inc is above average for NTEE category Q300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sofia American Schools Inc located?
Sofia American Schools Inc is headquartered in Chestnut Hill, Massachusetts and files with the IRS under EIN 136400773. It is classified under NTEE code Q300.
How many years of IRS 990 filings does Sofia American Schools Inc have?
Sofia American Schools 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 $11.2M in total revenue.
Is Sofia American Schools Inc a good charity?
Based on the available financial data, Sofia American Schools Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to directing funds towards its mission by reporting 0% officer compensation.
How has the organization's revenue trended over the last five years?
The organization's revenue has shown a consistent upward trend over the last five years, increasing from $7,480,694 in 2019 to $10,537,119 in 2023.
What is the organization's asset growth like?
Assets have shown steady growth, increasing from $18,923,068 in 2019 to $19,687,568 in 2023, indicating financial stability and accumulation of resources.
Does the organization have any debt?
Yes, the organization has liabilities, which were $2,487,671 in 2023. However, these are well-covered by its substantial assets of $19,687,568.
Filing History
IRS 990 filing history for Sofia American Schools Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sofia American Schools Inc's revenue has grown by 69.2%, moving from $6.2M to $10.5M. Total assets increased by 238.3% over the same period, from $5.8M to $19.7M. Total functional expenses rose by 91.2%, from $5.2M to $9.9M. In its most recent filing year (2023), Sofia American Schools Inc reported a surplus of $596K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $19.7M in assets (debt-to-asset ratio: 12.6%), resulting in net assets of $17.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.5M | $9.9M | $19.7M | $2.5M | — | — |
| 2022 | $9.2M | $9.2M | $19.1M | $2.8M | — | View 990 |
| 2021 | $8.6M | $8.7M | $18.8M | $2.1M | — | View 990 |
| 2020 | $8.0M | $8.1M | $18.6M | $2.1M | — | View 990 |
| 2019 | $7.5M | $7.9M | $18.9M | $2.5M | — | View 990 |
| 2018 | $13.4M | $7.8M | $19.0M | $2.4M | — | View 990 |
| 2017 | $10.1M | $6.8M | $13.2M | $2.1M | — | — |
| 2016 | $7.3M | $6.1M | $9.5M | $1.6M | — | View 990 |
| 2015 | $6.4M | $6.0M | $8.2M | $1.6M | — | View 990 |
| 2014 | $6.8M | $6.3M | $7.9M | $1.7M | — | View 990 |
| 2013 | $6.7M | $5.9M | $7.3M | $1.7M | — | View 990 |
| 2012 | $5.8M | $5.4M | $6.3M | $1.4M | — | View 990 |
| 2011 | $6.2M | $5.2M | $5.8M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.5M, expenses of $9.9M, and assets of $19.7M (revenue +14.0% year-over-year).
- 2022: Revenue of $9.2M, expenses of $9.2M, and assets of $19.1M (revenue +7.7% year-over-year).
- 2021: Revenue of $8.6M, expenses of $8.7M, and assets of $18.8M (revenue +7.6% year-over-year).
- 2020: Revenue of $8.0M, expenses of $8.1M, and assets of $18.6M (revenue +6.6% year-over-year).
- 2019: Revenue of $7.5M, expenses of $7.9M, and assets of $18.9M (revenue -44.3% year-over-year).
- 2018: Revenue of $13.4M, expenses of $7.8M, and assets of $19.0M (revenue +33.4% year-over-year).
- 2017: Revenue of $10.1M, expenses of $6.8M, and assets of $13.2M (revenue +38.5% year-over-year).
- 2016: Revenue of $7.3M, expenses of $6.1M, and assets of $9.5M (revenue +13.7% year-over-year).
- 2015: Revenue of $6.4M, expenses of $6.0M, and assets of $8.2M (revenue -5.8% year-over-year).
- 2014: Revenue of $6.8M, expenses of $6.3M, and assets of $7.9M (revenue +1.9% year-over-year).
- 2013: Revenue of $6.7M, expenses of $5.9M, and assets of $7.3M (revenue +14.8% year-over-year).
- 2012: Revenue of $5.8M, expenses of $5.4M, and assets of $6.3M (revenue -6.7% year-over-year).
- 2011: Revenue of $6.2M, expenses of $5.2M, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sofia American Schools Inc:
Data Sources and Methodology
This transparency report for Sofia American Schools 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.