Sophias Hearth Family Center
Sophias Hearth Family Center maintains stable finances with no reported executive compensation.
EIN: 20498055 · Keene, NH · NTEE: P33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $681K |
| Program Spending | 90% |
| Net Assets | $2.0M |
| Transparency Score | 92/100 |
Is Sophias Hearth Family Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sophias Hearth Family Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sophias Hearth Family Center
Sophias Hearth Family Center (EIN: 20498055) is a nonprofit organization based in Keene, NH, classified under NTEE code P33. The organization reported total revenue of $1.4M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sophias Hearth Family Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sophias Hearth Family Center is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $804K |
| Total Expenses | $681K |
| Surplus / Deficit | +$123K |
| Total Assets | $2.9M |
| Total Liabilities | $903K |
| Net Assets | $2.0M |
| Operating Margin | 15.3% |
| Debt-to-Asset Ratio | 30.9% |
| Months of Reserves | 51.6 months |
Financial Health Grade: A
In 2023, Sophias Hearth Family Center reported a surplus of $123K with revenue exceeding expenses, holds 51.6 months of operating reserves (strong position), has a debt-to-asset ratio of 30.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sophias Hearth Family Center's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | -17.4% | +7.7% |
| 2022 | -15.6% | +10.3% | -10.5% |
| 2021 | +49.5% | +1.7% | +4.8% |
| 2020 | -20.8% | -0.6% | -2.0% |
| 2019 | -13.0% | +5.3% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Sophias Hearth Family Center with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Sophias Hearth Family Center allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $123K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.9%.
Executive Compensation Analysis
Sophias Hearth Family Center consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for directing resources to its mission.
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.
Strengths
The following positive indicators were identified for Sophias Hearth Family Center:
- Consistent 0% officer compensation, maximizing mission-related spending.
- Stable and growing asset base, increasing from $1.8M in 2014 to $2.9M in 2023.
- Generally positive net income, with revenue often exceeding expenses (e.g., $804,140 revenue vs. $680,806 expenses in 2023).
- Strong asset-to-liability ratio, indicating financial solvency.
- Long and consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Sophias Hearth Family Center
Is Sophias Hearth Family Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Sophias Hearth Family Center (EIN: 20498055) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Sophias Hearth Family Center spend its money?
Sophias Hearth Family Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sophias Hearth Family Center tax-deductible?
Sophias Hearth Family Center is registered as a tax-exempt nonprofit (EIN: 20498055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sophias Hearth Family Center's spending goes to programs?
Sophias Hearth Family Center directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sophias Hearth Family Center compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Sophias Hearth Family Center is above average for NTEE category P33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sophias Hearth Family Center located?
Sophias Hearth Family Center is headquartered in Keene, New Hampshire and files with the IRS under EIN 20498055. It is classified under NTEE code P33.
How many years of IRS 990 filings does Sophias Hearth Family Center have?
Sophias Hearth Family Center has 13 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 $1.4M in total revenue.
Is Sophias Hearth Family Center a good charity?
Based on the available IRS 990 data, Sophias Hearth Family Center appears to be a good charity. It consistently reports 0% officer compensation, maintains a stable financial position with growing assets, and generally operates with revenues exceeding expenses, indicating sound financial management.
How has Sophias Hearth Family Center's financial health changed over time?
Sophias Hearth Family Center has shown consistent financial growth and stability. Assets have increased from $1,799,808 in 2014 to $2,926,910 in 2023. While there have been periods where expenses exceeded revenue (e.g., 2022 and 2020), the overall trend shows healthy revenue generation and asset accumulation.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available filings. This suggests a volunteer-led or very lean executive structure, maximizing funds available for program services.
Filing History
IRS 990 filing history for Sophias Hearth Family Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sophias Hearth Family Center's revenue has grown by 63.8%, moving from $491K to $804K. Total assets increased by 51.6% over the same period, from $1.9M to $2.9M. Total functional expenses rose by 54.6%, from $440K to $681K. In its most recent filing year (2023), Sophias Hearth Family Center reported a surplus of $123K, with revenue exceeding expenses. The organization holds $903K in liabilities against $2.9M in assets (debt-to-asset ratio: 30.9%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $804K | $681K | $2.9M | $903K | — | View 990 |
| 2022 | $745K | $824K | $2.7M | $859K | — | View 990 |
| 2021 | $883K | $747K | $3.0M | $975K | — | View 990 |
| 2020 | $590K | $734K | $2.9M | $1.1M | — | View 990 |
| 2019 | $745K | $739K | $3.0M | $1.0M | — | View 990 |
| 2018 | $857K | $702K | $2.9M | $1.0M | — | View 990 |
| 2017 | $739K | $613K | $2.5M | $748K | — | View 990 |
| 2016 | $815K | $617K | $2.0M | $325K | — | View 990 |
| 2015 | $568K | $553K | $1.8M | $398K | — | View 990 |
| 2014 | $505K | $558K | $1.8M | $380K | — | View 990 |
| 2013 | $164K | $218K | $1.9M | $372K | — | View 990 |
| 2012 | $420K | $435K | $1.8M | $264K | — | View 990 |
| 2011 | $491K | $440K | $1.9M | $372K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $804K, expenses of $681K, and assets of $2.9M (revenue +8.0% year-over-year).
- 2022: Revenue of $745K, expenses of $824K, and assets of $2.7M (revenue -15.6% year-over-year).
- 2021: Revenue of $883K, expenses of $747K, and assets of $3.0M (revenue +49.5% year-over-year).
- 2020: Revenue of $590K, expenses of $734K, and assets of $2.9M (revenue -20.8% year-over-year).
- 2019: Revenue of $745K, expenses of $739K, and assets of $3.0M (revenue -13.0% year-over-year).
- 2018: Revenue of $857K, expenses of $702K, and assets of $2.9M (revenue +15.9% year-over-year).
- 2017: Revenue of $739K, expenses of $613K, and assets of $2.5M (revenue -9.2% year-over-year).
- 2016: Revenue of $815K, expenses of $617K, and assets of $2.0M (revenue +43.4% year-over-year).
- 2015: Revenue of $568K, expenses of $553K, and assets of $1.8M (revenue +12.5% year-over-year).
- 2014: Revenue of $505K, expenses of $558K, and assets of $1.8M (revenue +207.7% year-over-year).
- 2013: Revenue of $164K, expenses of $218K, and assets of $1.9M (revenue -60.9% year-over-year).
- 2012: Revenue of $420K, expenses of $435K, and assets of $1.8M (revenue -14.5% year-over-year).
- 2011: Revenue of $491K, expenses of $440K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sophias Hearth Family Center:
Data Sources and Methodology
This transparency report for Sophias Hearth Family Center 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.