Soundforgers International

Analysis

Soundforgers International is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Soundforgers International reported income of $182k and spending of $209k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $425k to $182k (-57%), an average of -35% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Soundforgers International sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Lumenations ($182k), Lion of Light Ministries Inc ($182k) and Still Mind Zendo ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $113k (54% of expenses). At year end it held assets of $325k against liabilities of $12k, net assets of $313k. It reported 1 employees.