Songs of Love Foundation

Analysis

Songs of Love Foundation is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Songs of Love Foundation reported income of $619k and spending of $800k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $619k (-63%), an average of -22% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Songs of Love Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include New Life Warehouse Inc ($619k), Latishas House Foundation Inc ($619k) and Wabisabi Inc ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $241k. At year end it held assets of $2.2m against liabilities of $62k, net assets of $2.1m. It reported 2 employees.