Save the Sound Inc

Analysis

Save the Sound Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 September 2023, Save the Sound Inc reported income of $11.9m and spending of $9.6m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.1m to $11.9m (+95%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 100%. Over the whole period it spent 86% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Save the Sound Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Holden Arboretum ($11.9m), Bluegreen Alliance Foundation ($11.9m) and Health Care Without Harm ($11.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $199k (2.1% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $19.6m against liabilities of $2.7m, net assets of $16.9m. It reported 50 employees.