Soma 501 Little Rock Inc
Soma 501 Little Rock Inc shows significant revenue growth since its initial filing but lacks detailed recent financial transparency.
EIN: 203571691 · Little Rock, AR · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $222K |
| Total Expenses | $21K |
| Program Spending | 75% |
| Net Assets | $513 |
| Transparency Score | 55/100 |
Is Soma 501 Little Rock Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Soma 501 Little Rock Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Soma 501 Little Rock Inc
Soma 501 Little Rock Inc (EIN: 203571691) is a nonprofit organization based in Little Rock, AR, classified under NTEE code A80. The organization reported total revenue of $222K and total assets of $95K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soma 501 Little Rock Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soma 501 Little Rock Inc is a small nonprofit that has been operating for 20 years.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $21K |
| Surplus / Deficit | $-7,475 |
| Total Assets | $513 |
| Net Assets | $513 |
| Operating Margin | -56.7% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2011, Soma 501 Little Rock Inc reported a deficit of $7K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Soma 501 Little Rock Inc with a Mission Score of 55 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Soma 501 Little Rock Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
In its 2011 filing, Soma 501 Little Rock Inc reported 0% officer compensation, which is typical for very small, early-stage nonprofits, indicating that leadership was likely unpaid or compensated through other means not reported as officer compensation.
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 Soma 501 Little Rock Inc's IRS 990 filings:
- Only one IRS 990 filing available (2011) for detailed analysis, making current financial assessment difficult.
- Operated at a deficit in its 2011 filing (Expenses $20,661 vs. Revenue $13,186).
Strengths
The following positive indicators were identified for Soma 501 Little Rock Inc:
- Reported 0% officer compensation in its 2011 filing, indicating volunteer leadership or very low overhead in its early stages.
- Significant growth in reported revenue from $13,186 in 2011 to $221,981 currently, suggesting increased activity or support.
Frequently Asked Questions about Soma 501 Little Rock Inc
Is Soma 501 Little Rock Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Soma 501 Little Rock Inc (EIN: 203571691) some concerns. Mission Score: 55/100. 2 red flags identified, 2 strengths noted.
How does Soma 501 Little Rock Inc spend its money?
Soma 501 Little Rock Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Soma 501 Little Rock Inc tax-deductible?
Soma 501 Little Rock Inc is registered as a tax-exempt nonprofit (EIN: 203571691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Soma 501 Little Rock Inc's spending goes to programs?
Soma 501 Little Rock Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Soma 501 Little Rock Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Soma 501 Little Rock Inc is near average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Soma 501 Little Rock Inc located?
Soma 501 Little Rock Inc is headquartered in Little Rock, Arkansas and files with the IRS under EIN 203571691. It is classified under NTEE code A80.
What is Soma 501 Little Rock Inc's current program spending ratio?
Based on the available 2011 filing, detailed program spending ratios are not explicitly broken down, and current data is unavailable. Without more recent 990 filings, it's impossible to determine the current ratio.
How has Soma 501 Little Rock Inc managed its expenses relative to its revenue growth?
In 2011, expenses ($20,661) exceeded revenue ($13,186). While current revenue is significantly higher at $221,981, without recent expense data, it's unclear if the organization is now operating at a surplus or deficit.
What are the primary sources of Soma 501 Little Rock Inc's current $221,981 in revenue?
The available data does not specify the sources of the current revenue. The 2011 filing only reported total revenue without a detailed breakdown.
Filing History
IRS 990 filing history for Soma 501 Little Rock Inc showing financial trends over 1 year of public records:
In its most recent filing year (2011), Soma 501 Little Rock Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2011 | $13K | $21K | $513 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soma 501 Little Rock Inc:
Data Sources and Methodology
This transparency report for Soma 501 Little Rock 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.