The Syracuse Sounds of Music Association Inc

Analysis

The Syracuse Sounds of Music Association Inc is a registered charity in United States, based in Fayetteville, NY. It received its IRS tax-exemption ruling in October 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, The Syracuse Sounds of Music Association Inc reported income of $84k and spending of $93k, spending 111% of what it took in. Across the 3 years on record, from August 2022 to August 2024, income grew from $74k to $84k (+14%), an average of +6.7% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Syracuse Sounds of Music Association Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Project 15 Corp ($84k), Aes World Languages and Cultures Institute Inc ($84k) and Articine Inc ($84k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 3.6% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.