Somali Success School

Somali Success School shows consistent revenue growth and strong asset accumulation with no reported officer compensation.

EIN: 203021208 · Minneapolis, MN · NTEE: B60 · Updated: 2026-03-28

$1.4MRevenue

$2.4MAssets

88/100Mission Score (Excellent)

B60

About Somali Success School

Somali Success School (EIN: 203021208) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B60. The organization reported total revenue of $1.4M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somali Success School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Somali Success School demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past several years, culminating in $1,207,782 in the 2023 fiscal period. The organization has also shown prudent financial management by maintaining a positive net asset position, growing its assets to $2,192,758 in 2023. Their spending efficiency appears strong, as evidenced by their program spending ratio, which is a key indicator of how much of their budget directly supports their mission. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards programs rather than executive salaries, which is a positive sign for donors.

While specific breakdowns of program, administrative, and fundraising expenses are not explicitly provided in the summary data, the overall expense figures relative to revenue suggest a well-managed operation. For instance, in 2023, expenses were $735,706 against revenues of $1,207,782, indicating a significant portion of revenue was retained or allocated to future programs. The organization's consistent filing history over 13 periods also points to a commitment to transparency and compliance with IRS regulations, allowing for public scrutiny of their financial activities.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Somali Success School with a Mission Score of 88 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, Somali Success School 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue ($1.2M in 2023). This suggests either a volunteer-led executive team or that compensation is reported under other expense categories, warranting further investigation for complete transparency.

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 Somali Success School's IRS 990 filings:

Unusually low or 0% reported officer compensation for an organization of this size, which may obscure how leadership is compensated or sustained.

Strengths

The following positive indicators were identified for Somali Success School:

Consistent and significant revenue growth over the past decade, from $421,593 in 2014 to $1,207,782 in 2023.
Strong asset accumulation, growing from $19,236 in 2014 to $2,192,758 in 2023, indicating robust financial health.
Positive net asset position, with assets significantly exceeding liabilities ($2,192,758 vs. $395,379 in 2023).
Consistent filing of IRS 990 forms over 13 periods, demonstrating a commitment to transparency and compliance.
Expenses generally well below revenue, suggesting efficient management and accumulation of reserves (e.g., $735,706 expenses vs. $1,207,782 revenue in 2023).

Frequently Asked Questions about Somali Success School

Is Somali Success School a good charity?

Based on the available IRS 990 data, Somali Success School appears to be a good charity. It demonstrates consistent revenue growth, strong asset accumulation, and a commitment to directing funds towards its mission, as indicated by the lack of reported officer compensation and a healthy financial position.

How has Somali Success School's revenue changed over time?

Somali Success School has shown significant revenue growth, increasing from $421,593 in 2014 to $1,207,782 in 2023, with a peak of $1,401,313 in its latest reported revenue, indicating strong financial support and expansion.

What is the trend in the organization's assets?

The organization's assets have grown substantially and consistently, from $19,236 in 2014 to $2,192,758 in 2023, demonstrating strong financial health and capacity building.

What is the significance of 0% officer compensation?

The consistent reporting of 0% officer compensation is highly unusual for an organization of this size. It could indicate that executive leadership is entirely volunteer-based, or that compensation is categorized differently, which would require reviewing the full 990 forms for clarity on how leadership is compensated, if at all.

Does the organization have a healthy financial reserve?

With assets of $2,192,758 and liabilities of $395,379 in 2023, Somali Success School has a substantial net asset position, suggesting a healthy financial reserve to support its operations and future programs.

Filing History

IRS 990 filing history for Somali Success School showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Somali Success School's revenue has grown by 293.9%, moving from $307K to $1.2M. Total assets increased by 47766.4% over the same period, from $5K to $2.2M. Total functional expenses rose by 49.6%, from $492K to $736K. In its most recent filing year (2023), Somali Success School reported a surplus of $472K, with revenue exceeding expenses. The organization holds $395K in liabilities against $2.2M in assets (debt-to-asset ratio: 18.0%), resulting in net assets of $1.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$736K	$2.2M	$395K	—	—
2022	$793K	$776K	$1.8M	$425K	—	View 990
2021	$1.2M	$716K	$1.7M	$429K	—	—
2020	$757K	$866K	$1.4M	$567K	—	View 990
2019	$715K	$801K	$1.3M	$373K	—	View 990
2018	$857K	$773K	$1.1M	$16K	—	View 990
2017	$780K	$663K	$1.0M	$57K	—	View 990
2016	$712K	$511K	$318K	$22K	—	View 990
2015	$0	$0	$0	$0	—	View 990
2014	$422K	$396K	$19K	$43K	—	View 990
2013	$272K	$268K	$16K	$64K	—	View 990
2012	$396K	$285K	$13K	$64K	—	View 990
2011	$307K	$492K	$5K	$167K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $736K, and assets of $2.2M (revenue +52.3% year-over-year).
2022: Revenue of $793K, expenses of $776K, and assets of $1.8M (revenue -33.3% year-over-year).
2021: Revenue of $1.2M, expenses of $716K, and assets of $1.7M (revenue +57.0% year-over-year).
2020: Revenue of $757K, expenses of $866K, and assets of $1.4M (revenue +5.9% year-over-year).
2019: Revenue of $715K, expenses of $801K, and assets of $1.3M (revenue -16.6% year-over-year).
2018: Revenue of $857K, expenses of $773K, and assets of $1.1M (revenue +9.8% year-over-year).
2017: Revenue of $780K, expenses of $663K, and assets of $1.0M (revenue +9.6% year-over-year).
2016: Revenue of $712K, expenses of $511K, and assets of $318K.
2015: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
2014: Revenue of $422K, expenses of $396K, and assets of $19K (revenue +55.3% year-over-year).
2013: Revenue of $272K, expenses of $268K, and assets of $16K (revenue -31.3% year-over-year).
2012: Revenue of $396K, expenses of $285K, and assets of $13K (revenue +29.0% year-over-year).
2011: Revenue of $307K, expenses of $492K, and assets of $5K.

Data Sources and Methodology

This transparency report for Somali Success School 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.