Sound Community Services Inc

Analysis

Sound Community Services Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Sound Community Services Inc reported income of $11.0m and spending of $10.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $11.0m (+6.8%), an average of +1.7% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sound Community Services Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Kinston Community Health Center Inc ($11.0m), Good Shepherd Specialty Hospital ($11.0m) and Complete Health with Pace ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $487k (4.6% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $6.8m against liabilities of $6.2m, net assets of $631k. It reported 177 employees.