Sonrisas Inc

Analysis

Sonrisas Inc is a registered charity in United States, based in Cheshire, MA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sonrisas Inc reported income of $181k and spending of $88k, leaving 52% of income unspent that year. Across the 3 years on record, from August 2022 to December 2023, income fell from $644k to $181k (-72%), an average of -47% a year. The sharpest change came in the year to August 2023, when income dropped by 62%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sonrisas Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Mohawk Valley Collective Inc ($181k), Capitol Hill Jazz Foundation ($181k) and Multicultural Genealogical Center of Southern Ohio Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $34k (38% of expenses). At year end it held assets of $592k against liabilities of $1,047, net assets of $591k.