Somos Siembra
EIN: 872266951 · Charlotte, NC · NTEE: R22
Is Somos Siembra Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Somos Siembra
Somos Siembra (EIN: 872266951) is a nonprofit organization based in Charlotte, NC, classified under NTEE code R22. The organization reported total revenue of $2.6M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somos Siembra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somos Siembra is a mid-size 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 -30.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$171K |
| Total Assets | $3.0M |
| Total Liabilities | $585K |
| Net Assets | $2.4M |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 19.8% |
| Months of Reserves | 28.3 months |
Financial Health Grade: A
In 2023, Somos Siembra reported a surplus of $171K with revenue exceeding expenses, holds 28.3 months of operating reserves (strong position), has a debt-to-asset ratio of 19.8% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Somos Siembra's revenue has declined at a compound annual growth rate (CAGR) of -30.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.1% | +382.1% | +51.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Somos Siembra 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 Somos Siembra 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 surplus of $171K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.8%.
Frequently Asked Questions about Somos Siembra
Is Somos Siembra a legitimate charity?
Based on AI analysis of IRS 990 filings, Somos Siembra (EIN: 872266951) insufficient data. 0 red flags identified, 0 strengths noted.
How does Somos Siembra spend its money?
Detailed spending breakdown data is not yet available for Somos Siembra. Check back for updated IRS 990 analysis.
Are donations to Somos Siembra tax-deductible?
Somos Siembra is registered as a tax-exempt nonprofit (EIN: 872266951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Somos Siembra showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Somos Siembra's revenue has declined by 30.1%, moving from $2.0M to $1.4M. Total assets increased by 51.4% over the same period, from $1.9M to $3.0M. Total functional expenses rose by 382.1%, from $259K to $1.2M. In its most recent filing year (2023), Somos Siembra reported a surplus of $171K, with revenue exceeding expenses. The organization holds $585K in liabilities against $3.0M in assets (debt-to-asset ratio: 19.8%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.2M | $3.0M | $585K | — | — |
| 2022 | $2.0M | $259K | $1.9M | $175K | — | View 990 |
Data Sources and Methodology
This transparency report for Somos Siembra 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.