Songs of Solomon an Inspirational Ensemble

Analysis

Songs of Solomon an Inspirational Ensemble is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Solomon an Inspirational Ensemble reported income of $146k and spending of $174k, spending 119% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $107k to $146k (+36%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 245%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Songs of Solomon an Inspirational Ensemble sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Grundy County Historical Society ($146k), El Segundo Concert Band ($146k) and Olalo of Hope - Kenya ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $69k (40% of expenses). At year end it held assets of -$18 against liabilities of $61k, net assets of -$61k. It reported 2 employees.