Socrates Academy Inc
Rutherfordton, North Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Average
How This Organization Compares
Compared to 73 peers in Education with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
12 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $9,329,665↑5% | $8,606,495↑15% | $8,977,389↑58% | |
| 2022 | $8,884,634↑11% | $7,493,020↑12% | $5,671,073↑18% | — |
| 2021 | $7,974,700↑15% | $6,690,430↓5% | $4,819,836↑21% | — |
| 2020 | $6,940,900↑10% | $7,026,557↑10% | $3,971,311↑40% | — |
| 2019 | $6,287,499↑8% | $6,377,494↓2% | $2,842,889↑26% | — |
| 2018 | $5,826,634↑2% | $6,483,153↑12% | $2,257,221↓5% | — |
| 2017 | $5,692,582↑4% | $5,774,125↑8% | $2,387,931↑54% | — |
| 2016 | $5,449,592↑5% | $5,327,911↑5% | $1,549,380↓2% | — |
| 2015 | $5,183,298 | $5,050,327↓1% | $1,576,632↑21% | — |
| 2014 | $5,161,537↑9% | $5,116,529↑9% | $1,305,287↑9% | — |
| 2013 | $4,757,175↑21% | $4,673,530↑16% | $1,198,348↑18% | — |
| 2012 | $3,943,396 | $4,036,191 | $1,016,826 | — |
Frequently Asked Questions
What does Socrates Academy Inc do?▼
Socrates Academy Inc is a education nonprofit organization based in North Carolina. It is classified under NTEE code B29 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Socrates Academy Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Socrates Academy Inc has a score of 48/100 (Grade: B-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Socrates Academy Inc generate?▼
Socrates Academy Inc reports $13.7M in annual revenue and holds $10.2M in total assets, based on IRS filings.
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