Songcatchers Inc

Analysis

Songcatchers Inc is a registered charity in United States, based in Larchmont, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 August 2023, Songcatchers Inc reported income of $217k and spending of $314k, spending 144% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $223k to $217k (-2.6%), an average of -0.6% a year. The sharpest change came in the year to August 2022, when income rose by 51%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Songcatchers Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include The Family Literacy Academy at Lake Wales Inc ($217k), New Hope Rescue Inc ($217k) and Plains Grains Inc ($217k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $1,755 (0.6% of expenses). Other salaries and wages came to $173k. At year end it held assets of $54k against liabilities of $89k, net assets of -$34k. It reported 6 employees.