Soho Center For Arts And Education Inc
Soho Center For Arts And Education consistently reports zero officer compensation amidst fluctuating multi-million dollar revenues.
EIN: 132943318 · Madison, VA · NTEE: B25Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $4.5M |
| Program Spending | 85% |
| Net Assets | $1.0M |
| Transparency Score | 90/100 |
Is Soho Center For Arts And Education Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Soho Center For Arts And Education Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Soho Center For Arts And Education Inc
Soho Center For Arts And Education Inc (EIN: 132943318) is a nonprofit organization based in Madison, VA, classified under NTEE code B25Z. The organization reported total revenue of $5.0M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soho Center For Arts And Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soho Center For Arts And Education Inc is a mid-size nonprofit that has been operating for 39 years, with 15 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 27.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-33,757 |
| Total Assets | $1.6M |
| Total Liabilities | $538K |
| Net Assets | $1.0M |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 34.6% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2024, Soho Center For Arts And Education Inc reported a deficit of $34K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 34.6% (moderate leverage).
Financial Trends
Over 15 years of filings (2011–2024), Soho Center For Arts And Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +85.1% | +47.0% | +6.8% |
| 2023 | -46.4% | -33.4% | -28.6% |
| 2022 | +8.8% | +12.5% | -1.7% |
| 2021 | -10.1% | -22.0% | +5.3% |
| 2020 | -7.8% | +15.4% | -23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
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 Soho Center For Arts And Education 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, Soho Center For Arts And Education 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with multi-million dollar revenues and expenses.
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 Soho Center For Arts And Education Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 202406, 202306, 202206)
- Unusually low liabilities relative to assets, potentially indicating significant cash reserves or minimal debt financing.
- 0% officer compensation for a multi-million dollar organization, which warrants further investigation into how leadership is supported or if services are provided pro bono.
Strengths
The following positive indicators were identified for Soho Center For Arts And Education Inc:
- Consistent multi-million dollar revenue generation over many years.
- Strong asset base relative to liabilities, indicating financial stability.
- Exceptional transparency regarding executive compensation (0% reported).
- Long history of IRS 990 filings (15 filings), demonstrating consistent compliance.
Frequently Asked Questions about Soho Center For Arts And Education Inc
Is Soho Center For Arts And Education Inc a legitimate charity?
Soho Center For Arts And Education Inc (EIN: 132943318) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 90/100. It has 15 years of IRS 990 filings on record. Total revenue: $5.0M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Soho Center For Arts And Education Inc spend its money?
Soho Center For Arts And Education Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Soho Center For Arts And Education Inc tax-deductible?
Soho Center For Arts And Education Inc is registered as a tax-exempt nonprofit (EIN: 132943318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Soho Center For Arts And Education Inc's spending goes to programs?
Soho Center For Arts And Education Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Soho Center For Arts And Education Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Soho Center For Arts And Education Inc is above average for NTEE category B25Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Soho Center For Arts And Education Inc located?
Soho Center For Arts And Education Inc is headquartered in Madison, Virginia and files with the IRS under EIN 132943318. It is classified under NTEE code B25Z.
How many years of IRS 990 filings does Soho Center For Arts And Education Inc have?
Soho Center For Arts And Education Inc has 15 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 $5.0M in total revenue.
How does Soho Center For Arts And Education Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings (2015-2024) suggests that executive leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, which is highly unusual for an organization of this size and revenue.
What is the trend in the organization's net assets?
Net assets have fluctuated over the years. For example, they were $2,580,500 in 201906, decreased to $1,968,347 in 202006, and are currently $1,553,080 in 202406. This indicates some variability in financial reserves.
Is the organization financially sustainable given recent deficits?
In the latest period (202406), expenses ($4,516,347) slightly exceeded revenue ($4,482,590), resulting in a small deficit. Similar deficits were observed in 202306, 202206, 202006, and 201806. While not alarming in isolation, a consistent pattern of deficits could impact long-term sustainability if not addressed.
Filing History
IRS 990 filing history for Soho Center For Arts And Education Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2011–2024), Soho Center For Arts And Education Inc's revenue has grown by 2208.8%, moving from $194K to $4.5M. Total assets increased by 127.9% over the same period, from $682K to $1.6M. Total functional expenses rose by 2232%, from $194K to $4.5M. In its most recent filing year (2024), Soho Center For Arts And Education Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $538K in liabilities against $1.6M in assets (debt-to-asset ratio: 34.6%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.5M | $4.5M | $1.6M | $538K | — | View 990 |
| 2023 | $2.4M | $3.1M | $1.5M | $422K | — | View 990 |
| 2022 | $4.5M | $4.6M | $2.0M | $355K | — | View 990 |
| 2021 | $4.2M | $4.1M | $2.1M | $287K | — | View 990 |
| 2020 | $4.6M | $5.3M | $2.0M | $238K | — | View 990 |
| 2019 | $5.0M | $4.6M | $2.6M | $213K | — | View 990 |
| 2018 | $3.0M | $3.3M | $2.1M | $197K | — | View 990 |
| 2017 | $5.1M | $4.2M | $2.5M | $263K | — | View 990 |
| 2016 | $2.0M | $2.6M | $1.6M | $259K | — | View 990 |
| 2015 | $2.5M | $976K | $2.2M | $245K | — | View 990 |
| 2014 | $512K | $535K | $694K | $209K | — | View 990 |
| 2013 | $38K | $50K | $732K | $224K | — | View 990 |
| 2013 | $439K | $371K | $719K | $199K | — | View 990 |
| 2012 | $135K | $217K | $657K | $205K | — | View 990 |
| 2011 | $194K | $194K | $682K | $150K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.5M, expenses of $4.5M, and assets of $1.6M (revenue +85.1% year-over-year).
- 2023: Revenue of $2.4M, expenses of $3.1M, and assets of $1.5M (revenue -46.4% year-over-year).
- 2022: Revenue of $4.5M, expenses of $4.6M, and assets of $2.0M (revenue +8.8% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.1M, and assets of $2.1M (revenue -10.1% year-over-year).
- 2020: Revenue of $4.6M, expenses of $5.3M, and assets of $2.0M (revenue -7.8% year-over-year).
- 2019: Revenue of $5.0M, expenses of $4.6M, and assets of $2.6M (revenue +65.8% year-over-year).
- 2018: Revenue of $3.0M, expenses of $3.3M, and assets of $2.1M (revenue -40.4% year-over-year).
- 2017: Revenue of $5.1M, expenses of $4.2M, and assets of $2.5M (revenue +154.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.6M, and assets of $1.6M (revenue -19.3% year-over-year).
- 2015: Revenue of $2.5M, expenses of $976K, and assets of $2.2M (revenue +382.0% year-over-year).
- 2014: Revenue of $512K, expenses of $535K, and assets of $694K (revenue +1247.5% year-over-year).
- 2013: Revenue of $38K, expenses of $50K, and assets of $732K (revenue -91.3% year-over-year).
- 2013: Revenue of $439K, expenses of $371K, and assets of $719K (revenue +224.9% year-over-year).
- 2012: Revenue of $135K, expenses of $217K, and assets of $657K (revenue -30.4% year-over-year).
- 2011: Revenue of $194K, expenses of $194K, and assets of $682K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soho Center For Arts And Education Inc:
Data Sources and Methodology
This transparency report for Soho Center For Arts And Education 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.