B โ€” EducationEIN: 770695791ยท Ruling Year: 2008

Somang Society

Cypress, California

B-Health Score
49B-

Financial Health Score

8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.

Average

๐Ÿ’ฐ
$653K
Total Revenue
๐Ÿ“Š
$781K
Total Expenses
๐Ÿฆ
$342K
Net Assets
๐Ÿ“‹
$3K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-23.0%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-19.6%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.44
Net assets divided by total expenses
Liabilities-to-Assets
0.8%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$652,999โ†“23%$780,832โ†“2%$344,533โ†“28%
2022$848,484โ†‘5%$793,922โ†‘36%$478,700โ†‘14%
2021$808,915โ†‘58%$583,726โ†‘5%$420,628โ†‘91%
2020$513,029โ†“14%$557,964โ†“5%$220,601โ†“7%
2019$595,012โ†‘15%$589,294โ†‘21%$237,791โ†‘3%
2018$515,659โ†‘12%$488,092โ†‘51%$230,342โ†‘14%
2017$460,595โ†‘66%$323,010โ†‘15%$201,496โ†‘215%
2016$278,078โ†‘80%$281,530โ†‘47%$63,908โ†“5%
2015$154,700โ†“41%$191,677โ†“25%$67,360โ†“35%
2014$262,061โ†“20%$256,026โ†“2%$104,337โ†‘6%
2013$328,295โ†‘97%$262,279โ†‘81%$98,300โ†‘204%
2012$167,071โ†‘140%$144,980โ†‘70%$32,286โ†‘217%
2011$69,603$85,144$10,196

Frequently Asked Questions

What does Somang Society do?โ–ผ

Somang Society is a education nonprofit organization based in California. It is classified under NTEE code B990 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Somang Society financially healthy?โ–ผ

Financial health scoring requires Form 990 filing data. Check back as we process more filings for Somang Society.

How much revenue does Somang Society generate?โ–ผ

Somang Society reports $649K in annual revenue and holds $352K in total assets, based on IRS filings.

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Somang Society โ€” Cypress, CA | GiveScope