Soky Patriots
EIN: 842293057 · Smiths Grove, KY · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $318K |
| Total Expenses | $292K |
| Net Assets | $23K |
Is Soky Patriots Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Soky Patriots
Soky Patriots (EIN: 842293057) is a nonprofit organization based in Smiths Grove, KY, classified under NTEE code P20. The organization reported total revenue of $318K and total assets of $65K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soky Patriots's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soky Patriots is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 46.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $291K |
| Total Expenses | $292K |
| Surplus / Deficit | $-1,621 |
| Total Assets | $53K |
| Total Liabilities | $30K |
| Net Assets | $23K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 56.8% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2023, Soky Patriots reported a deficit of $2K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 56.8% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Soky Patriots's revenue has grown at a compound annual growth rate (CAGR) of 46.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.2% | +12.9% | +114.0% |
| 2022 | +91.2% | +100.3% | -10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Soky Patriots 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 Soky Patriots 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.8%.
Frequently Asked Questions about Soky Patriots
Is Soky Patriots a legitimate charity?
Soky Patriots (EIN: 842293057) is a registered tax-exempt nonprofit based in Kentucky. It has 3 years of IRS 990 filings on record. Total revenue: $318K. No red flags identified. Financial health grade: D.
How does Soky Patriots spend its money?
Soky Patriots reported $318K in total revenue 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 Soky Patriots tax-deductible?
Soky Patriots is registered as a tax-exempt nonprofit (EIN: 842293057). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Soky Patriots located?
Soky Patriots is headquartered in Smiths Grove, Kentucky and files with the IRS under EIN 842293057. It is classified under NTEE code P20.
How many years of IRS 990 filings does Soky Patriots have?
Soky Patriots has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $318K in total revenue.
Filing History
IRS 990 filing history for Soky Patriots showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Soky Patriots's revenue has grown by 114.4%, moving from $136K to $291K. Total assets increased by 92.2% over the same period, from $28K to $53K. Total functional expenses rose by 126.2%, from $129K to $292K. In its most recent filing year (2023), Soky Patriots reported a deficit of $2K, with expenses exceeding revenue. The organization holds $30K in liabilities against $53K in assets (debt-to-asset ratio: 56.8%), resulting in net assets of $23K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $291K | $292K | $53K | $30K | — | — |
| 2022 | $259K | $259K | $25K | $260 | — | View 990 |
| 2021 | $136K | $129K | $28K | $3K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $291K, expenses of $292K, and assets of $53K (revenue +12.2% year-over-year).
- 2022: Revenue of $259K, expenses of $259K, and assets of $25K (revenue +91.2% year-over-year).
- 2021: Revenue of $136K, expenses of $129K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soky Patriots:
Data Sources and Methodology
This transparency report for Soky Patriots 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.