Soma F C Inc
EIN: 881587902 · Maplewood, NJ · NTEE: N64
| Metric | Value |
|---|---|
| Total Revenue | $234K |
| Total Expenses | $168K |
| Net Assets | $26K |
Is Soma F C Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Soma F C Inc
Soma F C Inc (EIN: 881587902) is a nonprofit organization based in Maplewood, NJ, classified under NTEE code N64. The organization reported total revenue of $234K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soma F C Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soma F C Inc is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 110.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $166K |
| Total Expenses | $168K |
| Surplus / Deficit | $-1,494 |
| Total Assets | $26K |
| Net Assets | $26K |
| Operating Margin | -0.9% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2023, Soma F C Inc reported a deficit of $1K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2022–2023), Soma F C Inc's revenue has grown at a compound annual growth rate (CAGR) of 110.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +110.4% | +223.5% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Soma F C 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 Soma F C 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Frequently Asked Questions about Soma F C Inc
Is Soma F C Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Soma F C Inc (EIN: 881587902) insufficient data. 0 red flags identified, 0 strengths noted.
How does Soma F C Inc spend its money?
Detailed spending breakdown data is not yet available for Soma F C Inc. Check back for updated IRS 990 analysis.
Are donations to Soma F C Inc tax-deductible?
Soma F C Inc is registered as a tax-exempt nonprofit (EIN: 881587902). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Soma F C Inc located?
Soma F C Inc is headquartered in Maplewood, New Jersey and files with the IRS under EIN 881587902. It is classified under NTEE code N64.
How many years of IRS 990 filings does Soma F C Inc have?
Soma F C Inc has 2 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 $234K in total revenue.
Filing History
IRS 990 filing history for Soma F C Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Soma F C Inc's revenue has grown by 110.4%, moving from $79K to $166K. Total assets decreased by 5.5% over the same period, from $27K to $26K. Total functional expenses rose by 223.5%, from $52K to $168K. In its most recent filing year (2023), Soma F C Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $166K | $168K | $26K | $0 | — | — |
| 2022 | $79K | $52K | $27K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soma F C Inc:
Data Sources and Methodology
This transparency report for Soma F C 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.