The Sorala Foundation
The Sorala Foundation maintains strong assets and no reported officer compensation, despite occasional operating deficits.
EIN: 206186035 · Lakewood, NJ · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $813K |
| Total Expenses | $426K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $800,000 |
| Net Assets | $2.4M |
| Transparency Score | 85/100 |
Is The Sorala Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Sorala Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Sorala Foundation
The Sorala Foundation (EIN: 206186035) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code T21. The organization reported total revenue of $813K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Sorala Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Sorala Foundation is a small nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $508K |
| Total Expenses | $426K |
| Surplus / Deficit | +$83K |
| Total Assets | $2.5M |
| Total Liabilities | $145K |
| Net Assets | $2.4M |
| Operating Margin | 16.2% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 71.2 months |
Financial Health Grade: A
In 2023, The Sorala Foundation reported a surplus of $83K with revenue exceeding expenses, holds 71.2 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), The Sorala Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | +0.7% | +4.4% |
| 2022 | -35.3% | -62.5% | +2.2% |
| 2021 | +109.6% | +355.9% | -12.1% |
| 2020 | -23.7% | -10.5% | +6.0% |
| 2019 | -24.8% | -38.0% | +28.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The Sorala Foundation 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, The Sorala Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $83K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
The Sorala Foundation consistently reports 0% officer compensation across all 11 available IRS 990 filings, indicating that its leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation, which is highly unusual for an organization with over $800,000 in annual revenue and $2.5 million in assets.
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 The Sorala Foundation's IRS 990 filings:
- Significant operating deficit in 202103 ($784,594 revenue vs. $1,127,354 expenses)
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult
Strengths
The following positive indicators were identified for The Sorala Foundation:
- Consistent 0% reported officer compensation across all filings
- Strong and growing asset base ($2,577,613 latest assets)
- Generally operates with a financial surplus in most years
- Low liabilities relative to assets
- Long history of IRS 990 filings (11 filings)
Frequently Asked Questions about The Sorala Foundation
Is The Sorala Foundation a legitimate charity?
The Sorala Foundation (EIN: 206186035) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $813K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does The Sorala Foundation spend its money?
The Sorala Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Sorala Foundation tax-deductible?
The Sorala Foundation is registered as a tax-exempt nonprofit (EIN: 206186035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Sorala Foundation CEO make?
The Sorala Foundation's highest-compensated officer earns $800,000 annually. The organization reported $813K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Sorala Foundation's spending goes to programs?
The Sorala Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Sorala Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Sorala Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Sorala Foundation located?
The Sorala Foundation is headquartered in Lakewood, New Jersey and files with the IRS under EIN 206186035. It is classified under NTEE code T21.
How many years of IRS 990 filings does The Sorala Foundation have?
The Sorala Foundation has 11 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 $813K in total revenue.
Is The Sorala Foundation a good charity?
Based on the available data, The Sorala Foundation appears to be a financially stable organization with a strong asset base and a remarkable record of 0% reported officer compensation, suggesting a high dedication to its mission. However, without detailed functional expense breakdowns, it's difficult to fully assess program efficiency.
How does The Sorala Foundation manage its executive compensation?
The Sorala Foundation consistently reports $0 in officer compensation across all 11 available IRS 990 filings, which is highly unusual for an organization of its size and suggests that executive leadership is either unpaid or compensated through non-officer channels.
What is the trend in The Sorala Foundation's financial health?
The Sorala Foundation shows a positive trend in asset growth, increasing from $931,621 in 201203 to $2,577,613 currently. While revenue and expenses fluctuate, the organization generally operates with a surplus, except for a notable deficit in 202103 where expenses exceeded revenue by over $340,000.
Filing History
IRS 990 filing history for The Sorala Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), The Sorala Foundation's revenue has declined by 11.4%, moving from $574K to $508K. Total assets increased by 226.4% over the same period, from $774K to $2.5M. Total functional expenses rose by 65.3%, from $258K to $426K. In its most recent filing year (2023), The Sorala Foundation reported a surplus of $83K, with revenue exceeding expenses. The organization holds $145K in liabilities against $2.5M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $508K | $426K | $2.5M | $145K | — | View 990 |
| 2022 | $507K | $423K | $2.4M | $122K | — | View 990 |
| 2021 | $785K | $1.1M | $2.4M | $155K | — | View 990 |
| 2020 | $374K | $247K | $2.7M | $139K | — | View 990 |
| 2019 | $491K | $276K | $2.5M | $114K | — | View 990 |
| 2016 | $652K | $446K | $2.0M | $0 | — | View 990 |
| 2015 | $734K | $588K | $1.9M | $100K | — | View 990 |
| 2014 | $809K | $358K | $1.9M | $241K | — | View 990 |
| 2013 | $478K | $237K | $1.2M | $0 | — | View 990 |
| 2012 | $405K | $248K | $932K | $0 | — | View 990 |
| 2011 | $574K | $258K | $774K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $508K, expenses of $426K, and assets of $2.5M (revenue +0.1% year-over-year).
- 2022: Revenue of $507K, expenses of $423K, and assets of $2.4M (revenue -35.3% year-over-year).
- 2021: Revenue of $785K, expenses of $1.1M, and assets of $2.4M (revenue +109.6% year-over-year).
- 2020: Revenue of $374K, expenses of $247K, and assets of $2.7M (revenue -23.7% year-over-year).
- 2019: Revenue of $491K, expenses of $276K, and assets of $2.5M (revenue -24.8% year-over-year).
- 2016: Revenue of $652K, expenses of $446K, and assets of $2.0M (revenue -11.1% year-over-year).
- 2015: Revenue of $734K, expenses of $588K, and assets of $1.9M (revenue -9.4% year-over-year).
- 2014: Revenue of $809K, expenses of $358K, and assets of $1.9M (revenue +69.2% year-over-year).
- 2013: Revenue of $478K, expenses of $237K, and assets of $1.2M (revenue +18.0% year-over-year).
- 2012: Revenue of $405K, expenses of $248K, and assets of $932K (revenue -29.3% year-over-year).
- 2011: Revenue of $574K, expenses of $258K, and assets of $774K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Sorala Foundation:
Data Sources and Methodology
This transparency report for The Sorala Foundation 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.