Sound Business Inc

Analysis

Sound Business Inc is a registered charity in United States, based in Newtown, PA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sound Business Inc reported income of $113k and spending of $172k, spending 152% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $139k to $113k (-18%), an average of -18% a year. The sharpest change came in the year to September 2023, when income dropped by 18%. Over the whole period it spent 141% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sound Business Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include Kendrick Juliaetta & 7 Ridges Education Foundation Inc ($113k), Investnest Inc ($113k) and Bethany Public Schools Foundation ($113k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $7 against liabilities of $291k, net assets of -$291k.