Sonnet House Inc
EIN: 812109476 · Greenville, SC · NTEE: X19
| Metric | Value |
|---|---|
| Total Revenue | $38K |
| Total Expenses | $40K |
| Net Assets | $12K |
Is Sonnet House Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sonnet House Inc
Sonnet House Inc (EIN: 812109476) is a nonprofit organization based in Greenville, SC, classified under NTEE code X19. The organization reported total revenue of $38K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sonnet House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sonnet House Inc is a micro nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2016–2019). Revenue has grown at a compound annual rate of -24.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $40K |
| Surplus / Deficit | $-1,232 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -3.2% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2019, Sonnet House Inc reported a deficit of $1K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate).
Financial Trends
Over 4 years of filings (2016–2019), Sonnet House Inc's revenue has declined at a compound annual growth rate (CAGR) of -24.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -56.4% | -65.9% | -9.3% |
| 2018 | -38.7% | -12.0% | -68.0% |
| 2017 | +58.6% | +117.5% | +38.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sonnet House 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 Sonnet House 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Frequently Asked Questions about Sonnet House Inc
Is Sonnet House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sonnet House Inc (EIN: 812109476) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sonnet House Inc spend its money?
Detailed spending breakdown data is not yet available for Sonnet House Inc. Check back for updated IRS 990 analysis.
Are donations to Sonnet House Inc tax-deductible?
Sonnet House Inc is registered as a tax-exempt nonprofit (EIN: 812109476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sonnet House Inc located?
Sonnet House Inc is headquartered in Greenville, South Carolina and files with the IRS under EIN 812109476. It is classified under NTEE code X19.
How many years of IRS 990 filings does Sonnet House Inc have?
Sonnet House Inc has 4 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 $38K in total revenue.
Filing History
IRS 990 filing history for Sonnet House Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2016–2019), Sonnet House Inc's revenue has declined by 57.6%, moving from $90K to $38K. Total assets decreased by 59.7% over the same period, from $30K to $12K. Total functional expenses fell by 34.8%, from $61K to $40K. In its most recent filing year (2019), Sonnet House Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $38K | $40K | $12K | $0 | — | View 990 |
| 2018 | $88K | $116K | $13K | $0 | — | View 990 |
| 2017 | $143K | $132K | $41K | $0 | — | — |
| 2016 | $90K | $61K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $38K, expenses of $40K, and assets of $12K (revenue -56.4% year-over-year).
- 2018: Revenue of $88K, expenses of $116K, and assets of $13K (revenue -38.7% year-over-year).
- 2017: Revenue of $143K, expenses of $132K, and assets of $41K (revenue +58.6% year-over-year).
- 2016: Revenue of $90K, expenses of $61K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sonnet House Inc:
Data Sources and Methodology
This transparency report for Sonnet House 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.