Sofia American Schools Inc

Analysis

Sofia American Schools Inc is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in December 1947, 79 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sofia American Schools Inc reported income of $10.5m and spending of $9.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $10.5m (+41%), an average of +8.9% a year. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sofia American Schools Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Haitian Health Foundation Inc ($10.5m), Natural Resource Governance Institute ($10.7m) and Educate Girls ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $183k (1.8% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $19.7m against liabilities of $2.5m, net assets of $17.2m. It reported 41 employees.