Sound Child Care Solutions

Analysis

Sound Child Care Solutions is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Sound Child Care Solutions reported income of $10.2m and spending of $9.6m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.8m to $10.2m (+50%), an average of +11% a year. The sharpest change came in the year to August 2021, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sound Child Care Solutions sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Uab Educational Foundation ($10.2m), Morris and Rose Caskey Torah Academy of Greater Philadelphia ($10.2m) and Northside Charter High School ($10.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $265k (2.8% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $6.8m against liabilities of $2.3m, net assets of $4.4m. It reported 192 employees.