Sonrisas Inc
Sonrisas Inc shows strong asset growth and zero executive compensation despite fluctuating revenues.
EIN: 204405556 · Cheshire, MA · NTEE: A12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $352K |
| Total Expenses | $88K |
| Program Spending | 90% |
| Net Assets | $591K |
| Transparency Score | 85/100 |
Is Sonrisas Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sonrisas Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sonrisas Inc
Sonrisas Inc (EIN: 204405556) is a nonprofit organization based in Cheshire, MA, classified under NTEE code A12. The organization reported total revenue of $352K and total assets of $684K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sonrisas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sonrisas Inc is a small nonprofit that has been operating for 7 years, with 8 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 61.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $88K |
| Surplus / Deficit | +$94K |
| Total Assets | $592K |
| Total Liabilities | $1K |
| Net Assets | $591K |
| Operating Margin | 51.6% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 81.0 months |
Financial Health Grade: A
In 2023, Sonrisas Inc reported a surplus of $94K with revenue exceeding expenses, holds 81.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 8 years of filings (2015–2023), Sonrisas Inc's revenue has grown at a compound annual growth rate (CAGR) of 61.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.4% | -61.2% | +19.0% |
| 2023 | -61.7% | +1.7% | +4.2% |
| 2022 | +351.8% | +95.5% | +761.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Sonrisas Inc with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Sonrisas Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $94K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Sonrisas Inc consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries, which is highly commendable for an organization of its size.
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 Sonrisas Inc's IRS 990 filings:
- Significant revenue fluctuation between 2022 ($643,824) and 2023 ($181,256) warrants further investigation into funding sources and sustainability.
Strengths
The following positive indicators were identified for Sonrisas Inc:
- Consistent 0% officer compensation across all filings, indicating strong financial stewardship.
- Significant asset growth from $55,354 in 2021 to $591,556 in 2023, demonstrating effective financial management.
- Expenses generally well below revenue in recent periods, such as $87,666 in expenses against $181,256 in revenue in 2023, leading to a surplus.
- Consistent IRS 990 filing history over eight periods, indicating good compliance and transparency.
Frequently Asked Questions about Sonrisas Inc
Is Sonrisas Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sonrisas Inc (EIN: 204405556) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Sonrisas Inc spend its money?
Sonrisas Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sonrisas Inc tax-deductible?
Sonrisas Inc is registered as a tax-exempt nonprofit (EIN: 204405556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sonrisas Inc's spending goes to programs?
Sonrisas Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sonrisas Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sonrisas Inc is above average for NTEE category A12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sonrisas Inc located?
Sonrisas Inc is headquartered in Cheshire, Massachusetts and files with the IRS under EIN 204405556. It is classified under NTEE code A12.
How many years of IRS 990 filings does Sonrisas Inc have?
Sonrisas Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $352K in total revenue.
Is Sonrisas Inc financially stable?
Yes, Sonrisas Inc appears financially stable, with assets growing significantly from $55,354 in 2021 to $591,556 in the latest 2023 filing, and expenses generally well below revenue in recent periods, such as $87,666 in expenses against $181,256 in revenue in 2023.
How does Sonrisas Inc manage executive compensation?
Sonrisas Inc manages executive compensation very efficiently, reporting 0% officer compensation in all available IRS 990 filings, indicating that no funds are allocated to executive salaries.
What is the trend in Sonrisas Inc's revenue?
Sonrisas Inc's revenue has fluctuated, peaking at $643,824 in 2022, then decreasing to $181,256 in the latest 2023 filing, after a period of lower revenue in earlier years.
Has Sonrisas Inc been growing its assets?
Yes, Sonrisas Inc has shown significant asset growth, increasing from $55,354 in 2021 to $591,556 in the latest 2023 filing, and reaching $684,126 in total assets.
Filing History
IRS 990 filing history for Sonrisas Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2023), Sonrisas Inc's revenue has grown by 4431.4%, moving from $4K to $181K. Total assets increased by 7646.9% over the same period, from $8K to $592K. Total functional expenses rose by 265554.5%, from $33 to $88K. In its most recent filing year (2023), Sonrisas Inc reported a surplus of $94K, with revenue exceeding expenses. The organization holds $1K in liabilities against $592K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $591K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181K | $88K | $592K | $1K | — | — |
| 2023 | $246K | $226K | $497K | $1 | — | View 990 |
| 2022 | $644K | $222K | $477K | $1 | — | View 990 |
| 2021 | $143K | $114K | $55K | $0 | — | View 990 |
| 2018 | $0 | $2K | $4K | $0 | — | — |
| 2017 | $0 | $208 | $5K | $0 | — | — |
| 2016 | $2K | $4K | $6K | $0 | — | — |
| 2015 | $4K | $33 | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $181K, expenses of $88K, and assets of $592K (revenue -26.4% year-over-year).
- 2023: Revenue of $246K, expenses of $226K, and assets of $497K (revenue -61.7% year-over-year).
- 2022: Revenue of $644K, expenses of $222K, and assets of $477K (revenue +351.8% year-over-year).
- 2021: Revenue of $143K, expenses of $114K, and assets of $55K.
- 2018: Revenue of $0, expenses of $2K, and assets of $4K.
- 2017: Revenue of $0, expenses of $208, and assets of $5K (revenue -100.0% year-over-year).
- 2016: Revenue of $2K, expenses of $4K, and assets of $6K (revenue -50.0% year-over-year).
- 2015: Revenue of $4K, expenses of $33, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sonrisas Inc:
Data Sources and Methodology
This transparency report for Sonrisas 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.