Sound Beach Volunteer Services Foundation Inc

Analysis

Sound Beach Volunteer Services Foundation Inc is a registered charity in United States, based in Old Greenwich, CT. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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 Beach Volunteer Services Foundation Inc reported income of $219k and spending of $104k, leaving 53% of income unspent that year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sound Beach Volunteer Services Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include Break Bread ($219k), Greenpeace Foundation ($219k) and R a Vernon Ministries Inc ($219k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.