So Percussion Inc

Analysis

So Percussion Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2007, 19 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 June 2023, So Percussion Inc reported income of $890k and spending of $930k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $762k to $890k (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, So Percussion Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Historic 25th Street Foundation ($890k), South Seattle Emerald ($890k) and Vox Teen Communications Inc ($890k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $265k (28% of expenses). Other salaries and wages came to $94k. At year end it held assets of $718k against liabilities of $192k, net assets of $526k. It reported 7 employees.