Sophia Center Inc

Analysis

Sophia Center Inc is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sophia Center Inc reported income of $767k and spending of $767k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $661k to $767k (+16%), an average of +3.8% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sophia Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Cross Trail Outfitters Inc ($767k), Philadelphia Museum of Art Womens Committee ($767k) and Kraemer Endowment Foundation Inc ($767k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $123k (16% of expenses). Other salaries and wages came to $379k. At year end it held assets of $613k against liabilities of $133k, net assets of $480k. It reported 15 employees.